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While some readers, given their experience with it, might resent remote working, is the resentment they may be feeling toward this way of working really felt more widely? Answering that question is not just an academic exercise.
Last Thursday, we learned that eurozone banks requested a large amount of liquidity (EUR 1.3 trillion) from the ECB's fourth TLTRO III operation.
For the first time in recent history, the Spanish economy is facing a recession in which residential construction is neither the trigger nor an exacerbating factor. The sector's fundamentals were in good health and many were still improving up until March.
The COVID-19 crisis has brought the weaknesses of the Spanish labor market to light once again and it may have a permanent impact on the labor market. Avoiding such a situation must be one of the objectives of the Parliamentary Commission for Social and Economic Reconstruction.
In recent years, there have been warnings about the outbreak of a new international crisis. But the cause of the global crisis is the unknown risk that nobody expected: the COVID-19 pandemic.
BBVA Research has closely analyzed the Aragonese economy for a number years. We witnessed the resurgence following the "Great Crisis": 7 consecutive years of growth allowed GDP to recover, and it will grow above the average in Spain.
With changes to labor regulations being proposed, priority should be given to addressing structural challenges that have not been resolved by the reforms that have taken place in recent years. Among these factors that are embedded in the Spanish economy is productivity.
When increases in the minimum wage are determined based on the evolution of productivity and employment, a high minimum wage reflects—in the long-term—the good health of the economy, competition in its markets, its productive capacity and a high standard of living.