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Social Security affiliation fell by 11,600 people and unemployment by 24,600. After adjusting for seasonality, we estimate that the number of affiliated workers grew by 25,000 (2,500 more than in Oct) and the number of unemployed fell by 16,000, after stagnating since July. Temporary employment fell by 1.1 pp to 56.7% SWDA.
Spain's GDP growth forecast is maintained for 2023 (2.4%), revised downwards to 1.5% in 2024 and is expected to accelerate in 2025 (2.5%). The growth bias is negative due to the geopolitical context and uncertainty in EMU activity and economic policy measures.
The discussion about the role of natural resources in economic activity is not new, although environmental pressures and the loss of biodiversity have increased its interest.
The latest Observatory published by BBVA Research, FEDEA and the Sagardoy Foundation shows a labor market in transition in Spain. Job creation continues, but at a significantly slower pace than in the first …
In this new issue of the OTMT, we analyze the evolution of the labor market up to November 2023. We take stock of the evolution of the main aggregate indicators and focus on the monitoring of the 2022 Labor Market Reform, unemployment among peo…
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
The recovery in private consumption is losing momentum, dropping from an annual 5.9% in the 2021-2022 biennium to 2.0% in 2023-2024. The increase in financing costs counteracts the modest rise in income, net financial wealth, and household expectations.
BBVA Research forecasts GDP growth in La Rioja of 2.3% in 2023. Although the scenario going forward deteriorates, the recovery will continue, and GDP growth of 1.8% is expected in 2024. 5,700 jobs could be created in the 2023-2024 biennium.
BBVA Research forecasts a growth in Madrid's GDP of 3.0% in 2023. Although future prospects deteriorate, the recovery will continue and a growth in GDP of 1.8% is expected in 2024. 160,000 jobs could be created in the 2023-2024 biennium.
The aim of debt forgiveness should be to reduce excessively high financial costs which may jeopardize the solvency of public administrations or the provision of certain services.
BBVA Research forecasts a 1.9% growth in Navarre's GDP in 2023. Although the forward scenario deteriorates, the recovery may continue, with GDP expected to grow by 2.2% in 2024. 8,500 jobs could be created in the 2023-2024 biennium.
The post-pandemic recovery process has been a mixed bag. On the plus side, both the labor force and employment have grown. However, GDP growth has not been enough to increase per capita income and productivity, and the gap with the EU has widened somewhat more than in the ten-year period leading up to COVID-19.
