Sectoral and Digital Economy Analysis & Industrial Organization
Sectoral and Digital Economy Analysis & Industrial Organization latest publications
The digitization of the economy is an essential ingredient for sustainable growth and social welfare. A good digital transformation plan requires a diagnosis of the starting point. The Digitalization Index (DiGiX) is a tool that allows such a diagnosis for the Spanish regions.
Digital money has been around for some time: the deposits we hold in banks, and in turn the reserves banks hold in central banks, consist of money that for decades has been registered and operated digitally. However, some concern has now arisen about the so-called "digital currencies".
The end of the state of alarm prompted the recovery of spending with BBVA credit and debit cards or at BBVA POS terminals in May, which were 19% higher than those made in the same period of 2019 (13% in April).
The recovery in private consumption will gain momentum as vaccination progresses, the EU recovery package (NGEU) starts to boost demand and households consolidate the absorption of excess savings. Consumer spending will grow by 6.1% in 2021 and 6.8% in 2022.
Auto sales rebounded 12.2% yoy in 1Q21, averaging 17 million units (SAAR). Meanwhile, April sales reached 18.5 million units (SAAR), the highest in 15 years.
President Biden set ambitious goals for the U.S. to cut carbon emissions. Yet, high uncertainties in carbon pricing will be a critical challenge for the policymaker.
Spending with BBVA credit and debit cards or BBVA POS terminals in April were 13% in relation to the same month of 2019, 5 points less than in March. The growth in spending with Spanish cards, both face-to-face (10%) and online (128%), offset the adjustment in foreign card transactions.
In 2021 the automotive industry will grow again. Southeast still requires more productive investment to boost the regional economy.