In a context of high uncertainty due to the war in Ukraine, the energy shock and higher and more persistent inflation than expected over the last year, forecasts for Spain point to an economic slowdown in 2023, with GDP growth at 1.2%.
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The main developments this year are the 8.5% revaluation of pensions in accordance with average monthly inflation from November 2021 to 2022 and the 15% increase in non-contributory pensions.
Unusually and unexpectedly high inflation has been one of the most analyzed and discussed topics in 2022. Its causes and consequences have been at the very heart of the economic debate. And although its determining factors have not yet been une…
The economy slowed somewhat less than expected (to 0,1% q/q), largely due to the resilience of private consumption and exports, as well as to a smaller-than-expected deterioration in investment. In this context, total hours worked declined marg…
This Working Paper analyses σ−convergence and absolute β−convergence in human capital indicators in a sample of 140 countries from 1970 to 2020, and to what extent human capital may have contributed to the convergence in GDP per capita ob…
Türkiye is integrated along the GVCs with strong backward and forward linkages, while searching for new opportunities in international trade. We devise an export diversification strategy to detect products and sectors that could be attained with Türkiye’s know-how and provide higher value added in trade.
Three years after the pandemic began, the imbalance in the public accounts looks to be finally returning to pre-COVID levels. However, public expenditure will be 6 pp of GDP higher than three years ago.
One of the best surprises of 2022 has been the recovery by tourism. However, there are reasonable doubts regarding the industry's future outlook. A downturn could have major implications for the economy.
Christmas is approaching and, as is customary every year, some of us will be thinking about what resolutions to make for the new financial year. For the second year in a row, we should include something or other to bring down inflation.
After three consecutive quarters of decline, the percentage of population living in labor poverty increased by 1.8 percentage points (from 38.3% in 2Q 2022 to 40.1% in 3Q 2022), caused by the drop in average labor income and the increase in foo…
The European economy is slowly entering a long-overdue recession, expected almost since the war in Ukraine began, which may finally be taking place in the last months of the year. It is expected to be moderate and linked to factors that will take us back to more traditional economic cycles.
Within the framework of the FIFA World Cup in Qatar 2022, it is important to highlight the notable investment in migrant labor made by the Arab country for the construction or remodeling of eight stadiums, along with an infrastructure plan to communicate and host more than a million visitors to the great event.