Microeconomics latest publications
We estimate that retail sales' growth rate in 2020 will be similar to that of this year. Looking forward, factors such as the demographic boon, higher household purchasing power and the continued growth of online shopping, suggest that retail sales have space to continue growing.
The European Commission is set to start the new year with a lot of work ahead of it, particularly in its battle to promote and level out the rules of the game in the digital sector.
Most sectors have slowed markedly. Lower growth in 1H19, inertia defines the pattern of state performance.
Solid but stable new vehicle sales through 3Q19. A robust supply of “off-leasing” units and access to credit support sales of used vehicles. Consumer credit remains healthy, although delinquencies keep growing.
October 24, 2019
Spain | LFS confirms that the recovery of the labor market was interrupted in the 3Q19
Despite the positive seasonality, employment increased by only 69,400 people (1.8% a/a), less than expected. This, combined with the rise in active population, led to a modest fall in the unemployment rate (-0.1pp to 13.9%). Excluding seasonality, employment stagnated and the unemployment rate rebounded to 14.4%
At its meeting last Thursday, the European Central Bank (ECB) launched a comprehensive package of easing measures, as Draghi had—for all intents and purposes—been signaling over recent months (in his speech at Sintra and, most significantly, at July's monetary policy meeting).
This paper analyzes the effect of financial participation on consumer's financial vulnerability, which is pervasive in the developing world. The financial behavior of consumers (i.e. financial health) has a greater positive effect on financial vulnerability than the narrower concept of financial inclusion.