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The public deficit forecasts contained in the 2021–2024 Updated Stability Program provided by the Spanish government to the European Commission have recently been disclosed. For 2021, the collective target deficit for the Public Administrations is 8.4% of GDP, which will progressively decrease to reach 3.2% in 2024.
April’s job creation was shockingly below expectations. The unemployment rate increased slightly as more people entered the labor force encouraged by vaccinations and reopenings. Overall, labor market conditions suggest that the recovery is still vulnerable.
President Biden set ambitious goals for the U.S. to cut carbon emissions. Yet, high uncertainties in carbon pricing will be a critical challenge for the policymaker.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
Spending with BBVA credit and debit cards or BBVA POS terminals in April were 13% in relation to the same month of 2019, 5 points less than in March. The growth in spending with Spanish cards, both face-to-face (10%) and online (128%), offset the adjustment in foreign card transactions.