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The relentless increase in global temperatures combined with heat waves has led to less abundant and more irregular rainfall, more frequent and severe droughts conducive to wildfires, and also more in the way of storms and floods. Not only will it rain less, but fewer and fewer people will be glad to see the rain.
During the first four months of the year, total tourist spending (domestic and foreign) was 39pp above that observed during the same period of 2019 (5pp more than in the previous four-month period), according to spending data with BBVA credit card.
Economic growth through 2023 will be modest and driven by services. A drop in the secondary sector (mainly via Manufacturing) is anticipated due to the slowdown in the economy. Tourist entities lead growth.
This Working Paper briefly describes the latest update of the sectoral module of the RegData FEDEA-BBVA database (see de la Fuente 2017 and 2023 and de la Fuente and Ruiz Aguirre, 2020).
In the last two decades China has substantially increased its importance both in the world trade of goods, tripling its weight in world exports and imports, and in the trade of services and capital. This is reflected in substantial changes in C…
There are indications that the Green New Deal is beginning to directly impact the reconversion of production and energy in the United States. There are signs that Mexico is benefiting despite not having a policy that supports this productive transformation or reconversion.
We will see a very tight market throughout 2023, despite what is likely to be a significant economic slowdown due to various shocks, following the trend seen in recent years.
In recent years, public policies to foster decarbonization have become cornerstones of the political agenda in the US and Europe, with the aim not only of achieving decarbonization but also of ensuring energy security and driving short- and lon…
Economic progress and welfare depend in the long run on innovation, productivity, and employment. The digital revolution and the energy transition are an opportunity for Spanish society, but also a considerable challenge.
A boom period in mining investment ended in 2022. Sustained political instability, elevated social unrest and policies being implemented in the sector do not favor investment moving forward, in spite of the country having significant mining res…
The environmental, social and economic impact of climate change highlight the growing concern for developing strategies to combat and mitigate its effects. Households approximately emit 20% of CO2 emissions, but their carbon footprint goes beyond that.
Sometimes we are not aware of the importance of the changes we are currently experiencing, either because they are happening too fast or too slow, or because we are just at a tipping point. This is the case with climate change.
