Historically, global crises have generated fundamental changes in beliefs and social attitudes, in turn, these have led to new policies and regulations. The global market of digital health will reach around €530 Billion in 2025, driven by new technologies and artificial intelligence. The crisis caused by Covid-19 will reconfigure international relations over the next few … Continued
The OECD forecasts two growth outcomes conditioned by a possible second wave of the virus before the end of the year. Spain tops the table for the countries hardest hit by the economic collapse, with a fall of 14.4% according to pessimistic forecasts. The OECD projects a significant increase in unemployment in 2020, with temporary … Continued
For 2020, the European Commission forecasts a historic drop in GDP in the EU (-7.4% annually). By countries, the biggest decreases will take place in Greece, Italy, Spain and Croatia. Employment forecasts place Greece and Spain with the highest levels of unemployment (19.9% and 18.9%, respectively). The EU public deficit will increase to 8.3% of … Continued
The slump in economic activity as a result of Covid-19 has led to the biggest drop in employment in one month in its history, falling back to 2009 levels. In April, the unemployment rate rose to 14.7%, while the average hourly wage worked increased 7.9%, to $ 30.01. By sector, the leisure and hospitality industry … Continued
In 2020, GDP of the main European cities will plunge due to the impact of Covid-19. The contraction will be conditioned by the structural characteristics of each city. By sectors, the service sector, and in particular the hospitality industry, will be hardest hit economically. In cities, GDP growth will be conditioned by their exposure to … Continued
In 2020, world tourist arrivals will fall by 20% to 30% annually as a result of the impact of the coronavirus. The estimated loss of revenue will be 50% and, in the case of air transport, it will be concentrated in the regions of Europe, Latin America and the Middle East. Spain is one of … Continued
On 9 March 2020, the Dow Jones, along with the other stock market indexes, registeredone of th e biggest ever falls in its history, caused by the impact and uncertainty surrounding the international spread of the coronavirus. As a result of the situation, the authorities have responded with a wide range of monetary and fiscal … Continued
Faced with the economic impact of the coronavirus, central banks have responded with significant interest rate reductions and liquidity provisions, limiting their options for future adjustments. Since the 2008 financial crisis, central banks have already significantly lowered their interest rates and increased their balance sheets through bulk asset purchasing programs (QE). Future measures by central … Continued
Germany accounts for 29% of Eurozone GDP and 25% of its population. In the previous decade, its unemployment rate has remained below the average for the Eurozone, reaching its current level of 3.2%. German GDP growth has fluctuated within a range of just 1 pp between 1981 and 2020, in spite of the slowdown that … Continued
On 31st December 2019, China alerted about the onset of the coronavirus (COVID-2019) in Wuhan. The number of infected people has increased significantly, mainly in China. As a result of this outbreak, the IMF lowered its global economic growth forecast in 2020 between 0.1pp and 0.2pp. China will be the hardest hit economy. In China, … Continued
Brexit materialised on January 31, 2020, entering a transition period to negotiate the future relationship until December 31. Before leaving the EU, the United Kingdom was the 2nd largest economy in the EU, representing 15.2% of European GDP and 12.9% of its population. Moreover, its GDP per capita exceeds the EU average by 11%, and … Continued
Even though present society is going through an extraordinary process of transformation and economic growth, it is of the utmost importance to tackle climate change to ensure that such growth is sustainable. In the last 100 years, worldwide CO emissions have increased tenfold, with China and the US emitting the most, According to the Global … Continued
Incidents that describe highly improbable but high economic impact events.
Population ageing is a global phenomenon that predominantly affects the most advanced countries due to the declining fertility rates and rising life expectancy. Spain is one of the longest-lived and most ageing countries in the world. It also has one of the lowest fertility rates (1.25) of the OECD countries, with a negative natural change … Continued
From the uncertainty and the global economic slowdown, to the trade tensions and the evolution of the raw materials prices, all of which undermine the growth of Latin America, with forecasts in 2019 pointing towards an economic stagnation (0.2% annual GDP growth). The growth forecasts for the main economies of the region have been revised … Continued
Currently, the economic growth and progress of countries is not only supported by structural factors such as the demographic pattern or productivity improvement, but also in new disruptive forces such as digitization, climate change, or populism. From the Top 5 countries that are ranked in the Bloomberg Drivers & Disrupters Report, Sweden, Denmark, and Australia … Continued
Spain occupies the 36th position in the business dynamism pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 28th position in the institutions pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 27th position in the financial system pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 68th position in the labour market pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
The Barometer of the Círculos seeks to provide society with clear and precise information about the strengths of the Spanish economy and how its imbalances and structural deficiencies can be resolved. In this infographic we show the position of Spain in a strategic issue such as innovation.
Spain occupies the 37th position in the skills pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain occupies the 10th position in the infrastructure pillar of the Global Competitiveness Index 2018-19 prepared by the World Economic Forum.
Spain is ranked 26th in the Global Competitiveness Report 2018-19 prepared by the World Economic Forum. Out of the 12 pillars that it analyses, Spain performs outstandingly in three: Infrastructure, Health, and Market size. A strong positive correlation between competitiveness and GDP per capita can be observed. As such, our country must continue with the necessary impulse … Continued
