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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 companies are forgoing margins.
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.