International Economics

International Economics latest publications

January 14, 2021

Spain Economic Outlook. First Quarter 2021

The Spanish economy could have contracted by 11.0% in 2020 and grown by 5.5% in 2021 and 7.0% in 2022. GDP growth exceeded expectations in 3Q20, but the slowdown in the fourth quarter would have been intense. Moving forward, a significant acceleration is expected in the second half of 2021

January 4, 2021

Mexico | Dependence on remittances will reach 3.8% of GDP in 2020

In November 2020, 3,381 million dollars entered by remittances (+ 15.6%). The U.S. economic stimulus that have also benefited Mexicans, the sending of remittances from cross-border workers and commuters, and the appreciation of the dollar against the peso, are factors that explain the increase in remittances in 2020.

December 31, 2020

China | EU-China Comprehensive Agreement on Investment: a game-changer to superpower game

EU and China announced the accomplishment of a long-awaited EU-China Comprehensive Agreement on Investment (EU-China CAI) on December 30 2020, in a move to open up more investment opportunities between the two economies.

December 29, 2020

Global | The economic legacy of this annus horribilis

Beyond the human tragedy of COVID-19, 2020 has left us with a long list of economic consequences for the future. They are not all negative. The most obvious consequence is the severe recession, with global GDP expected to decrease by more than 2.5%, which is a bigger decrease than that of the 2009 financial crisis (-1.7%).

December 22, 2020

China | 2021 Outlook: Better settle in for a respite

Better settle in after a long haul. After experiencing over-deleveraging and economic slowdown in 2017, China-US trade war since 2018, 2019 African Swine Flu and this year’s most unprecedented coronavirus pandemic flare-up and the arduous work of containing it, Chinese economy might have a previous respite in 2021.

December 15, 2020

Mexico | Remittances, means of sending, and dollars in cash

Only 0.7% of remittances are sent in cash and kind, 99% are sent by electronic transfers. Most of the remittances in kind and in cash come from documented Mexicans. Undocumented migrants send almost no remittances in cash and kind, since they cannot go back and forth between Mexico and the United States.

December 1, 2020

Mexico | Despite the pandemic Remittances continue unstoppable: they grew 14.1% in October

In the first ten months of the year, 33,564 million USD have entered Mexico, 10.4% more compared to the 30,395 million USD received in the same period of 2019. Considering the ten months of the year, on average, the flow of Remittances to households in Mexico increased 20.3% in real terms.

December 1, 2020

Europe | An uncertain Christmas

Although the second wave of the pandemic is going to have a major impact on the European economy in the last quarter of this year, recent news items have painted a somewhat clearer picture of what is in store for 2021.