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May 3, 2022

Global | Whatever is necessary to tackle inflation

The current inflationary process is still in full swing, and the action of central banks, the ultimate guarantors of price stability, will be greatly intensified from now on.

April 18, 2022

Global | A burgeoning crisis in commodity prices

After 50 days since the start of the Russian invasion of Ukraine, we take a look back at what has happened to commodity prices and offer a few ideas about their likely future trend.

March 28, 2022

Spain | Who are the big losers from inflation?

The short answer is everyone. Spain is a large importer of energy goods and commodities. Rising costs for these products results in a greater outflow of funds from our economy to the rest of the world.

March 7, 2022

Spain | Housing during the pandemic: and now what?

Some 675,000 homes were sold in Spain in 2021, 38.1% more than in 2020, and well above the level of 2019, before the outbreak of the pandemic. Sales regained the pre-pandemic level in the summer of 2020 and have maintained a robust growth trend since then.

February 1, 2022

Global | An era of higher inflation in Europe?

The sharp upturn in global and European inflation is raising questions in the business press and the general public about a problem we had forgotten about for many years.

January 12, 2022

Spain | Economic recovery underway, but slower than expected

The economy of the Basque Country, although showing a recovery, is less dynamic than expected last spring. GDP growth in 2022 will be somewhat higher than in 2021, around 5.5%, and by the end of 2022 there might be a return to the pre-crisis level of activity.

December 2, 2021

Spain | Inflation: here and now

As the end of the year approaches, it is a good time to think about things we want to take with us into 2022 and what we want to leave behind. Perhaps what we are most anxious for is an end to the pandemic and to get back to “normal” life. Ideally, the inflation that we have suffer would come to an end right here and now.

October 4, 2021

Global | Stagflation risk?

Persistent inflationary pressures in recent months in the United States and to a lesser extent in Europe and the slowdown in activity indicators raise fears that in the most extreme scenarios the world economy is heading toward stagflation reminiscent of the 1970s.