The lack of workers who can meet the demand for employment in Spain is one of the issues that seems to have the most sharp edges. In the short term, the consequences of the increase in unfilled vacancies may be significant for wages, inflation and keeping jobs.
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Artificial Intelligence (AI) has positioned itself as a key element for development. That is why the NGEU has endowed Spain with 500 million euros. This study characterizes the use of AI in Spanish companies, analyzing the involvement of their workers, the type of technology used and the purpose of its use.
Private debt among Spanish companies and households, according to the Bank of Spain’s Financial Accounts for the Spanish Economy, currently stands at 135% of GDP, in line with the eurozone (137%). While both economies now find themselves at a…
The reform of the Foreigners' Regulation may be a step forward in allowing companies to access human capital, easing the restrictions imposed on the Spanish economy by the expected drop in population and the mismatch between demand and supply i…
The year-on-year change in the consumer price index reached 5.5% in October, the highest level seen in the Spanish economy since before the global financial crisis. More worrying still, however, is the inflation we have not yet seen, because co…
A few days ago, Bank of Spain published its latest financial stability report. In these half-yearly reports, the supervisor assesses the main risks and vulnerabilities to the stability of the Spanish financial system.
Speaking at South Summit 2021, held in Madrid from October 5 to 7, Jorge Sicilia argued that innovation and entrepreneurship are key to healthy economic growth and enhanced well-being.
The empirical evidence on the minimum wage provokes a heated debate on its increases and the need to differentiate it according to age and work experience, or region.
More than year after the start of the pandemic, the number of non-performing loans (NPLs) in the Spanish banking system continues to fall, though at a slower rate than before.
One of the greatest challenges to be discussed in Spain over the coming months will be how the furlough system should be reformed.
The labor market will recover from the COVID-19 crisis, but the resolution of its structural weaknesses will still be pending, while it will have to face the challenges of digital transformation, the energy transition and aging. The 2050 Strategy addresses them and proposes a broad package of measures to overcome them.
At BBVA Research, we believe that the so-called Austrian backpack could help ensure compliance with the EC's recommendations. The main reason is that it would reduce the uncertainty surrounding dismissal costs and, with the right design, encourage open ended contracts while also favoring labor mobility.