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Economic Growth & Inequality

Economic Growth & Inequality latest publications

May 17, 2022

Europe | Debt and fiscal rules

The high levels of public debt that have been building up since 2020 and the need to lower this burden have prompted a debate on fiscal rules relating to national accounts, aside from the matter of Europe approving common financing instruments to address the big strategic challenges that lie ahead.

May 9, 2022

Spain | Pension deficit and Stability Program

Once the last reform decision did not restrict the increase in spending and did not eliminate the actuarial imbalance, the sustainability of the pension system will involve a constant increase in taxation and transfers from central government, increasing the burden on the younger generations.

May 9, 2022

Spain | Recovery without a structural reduction of the public deficit

The forecasts of the Stability Program point to a fairly strong recovery, with GDP growth above potential, but the public accounts suggest a cyclical improvement of the deficit rather than its structural component.

May 3, 2022

Spain | Regional growth: war, NGEU funds and tourism

The potential effects of the war between Russia and Ukraine on Spain's autonomous communities are not uniform — the impact could be worse on the northern regions and less severe on the Levante coast and the islands.

April 25, 2022

Spain | Structural imbalance

The Government's forecasts in the Stability Program should make it clear that economic recovery will not be enough to consistently reduce the public deficit. Everything points to part of the expenditure having taken a structural leap and that the historically high level of tax revenue is only temporary.

April 11, 2022

Spain | What incomes pact?

An incomes pact is necessary, though difficult to implement. It is essential that the Government should broker a wide-ranging social agreement that helps control inflation, protects the most vulnerable and is as inclusive and transparent as possible, to ensure we do not lose competitiveness and to prevent social discontent.

April 8, 2022

Mexico | Financial health at Easter, with pandemic and inflationary pressures

Press release | In 2019, there were areas of opportunity in the financial health of Mexicans; in 2020, the Covid-19 begins; in 2021, inflation increased; and in 2022 the conflict in Ukraine adds new pressures to inflation. Therefore, in the following vacations, you have to take care of your physical and financial health.

April 8, 2022

China Economic Outlook. Second Quarter 2022

China’s domestic uncertainties particularly the Covid-19 situation dominate external uncertainties as the main risks for growth. Two Sessions sets growth target at 5.5% and promulgated the stimulus package for 2022 to support growth which is unsynchronized with main central banks’ tightening measures.