Ignacio de la Torre, chief of Economy and partner of Arcano Partners and member of the Advisory Board of Círculo de Empresarios, analyzes the political scenario before the impending European elections on May 26 and the possible impact on Spain derived from the trade war between China and the United States.
Quarterly Report Q3-2017 Circulo de Empresarios from Círculo de Empresarios
Quarterly report on the global and Spanish economy Q2-2017 Circulo de Empresarios from Círculo de Empresarios
SPAIN Advanced GDP 1Q 2017 (INE)) In the 1Q of 2017 the GDP grew by 0.8% quarter-on-quarter and 3% year-on-year. Employment April 2017 (Ministry of Employment and Social Security) In April the average affiliation to Social Security grew 1.18% to reach 18,122,222 employed persons. In year-on-year terms, there were 658,387 more affiliates (+3.77%), the best … Continued
SPAIN Employment January 2017 (Ministry of Employment and Social Security) Registered unemployment rose by 57,257 persons from December to reach 3,760,231, one of the lowest levels of the past seven years. In year-on-year terms, the number of people without work dropped by 390,524 (down 9.41%), the largest decline since 1999. In December there were 1,633,592 … Continued
SPAIN Article IV consultation on Spain (IMF) The IMF considers that the recovery of the Spanish economy is solid and that its imbalances are being reduced. As a result the IMF has revised upwards its predictions for growth for 2016 and 2017 (3.2% and 2.3%, respectively). At the same time, it says there are some … Continued
Moderation in global growth China continues desacelerating Further weakness in Brazil in 2015
Spain is slowly improving its competitiveness, according to the World Economic Forum Competitiveness Report 2013-2014 or the improvement of our external sector, which is not only increasing its share of the Spanish GDP but also improving the presence of our exports in new markets such as Africa or Asia. Notwithstanding this advance, further improvements in the competitiveness of the Spanish economy require deepening … Continued