The Mexican economy has shown better performance than expected, partly explained by the labor market's strength. According to the National Survey of Household Income and Expenditure (ENIGH), job creation and wage improvements have been more relevant for household income than government transfers.
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The main component of domestic demand, private consumption, shows declines that are more consistent with a historical contraction of activity than with the expansion we are experiencing.
The global economy offers households no respite. After the turbulent years of COVID-19 in 2020 and 2021, 2022 kicked off with the outbreak of the war in Ukraine, increasing the high geopolitical uncertainty and an unprecedented level of inflat…
At the dawn of a possible new crisis derived from inflationary pressures, it is worth asking how Spanish households are doing in terms of their balance sheet of financial assets and liabilities, and whether we should be concerned about rising i…
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 s…
There is consensus on an economic slowdown in Europe in the coming months, and Spain will be no exception. This is compounded by the evolution of inflation and the rise in the cost of credit. The question arises as to how households are coping with this situation according to their concerns and saving and spending habits.
Young Spaniards emancipate at the age of 30, about three years later than the European average. One of the main reasons for this delay is related to the difficulty of accessing housing at a reduced cost and in a location that meets the preferences of recent graduates.
In May, household consumption slowed compared to April, especially in the second half of the month. Tourism-related spending was the most moderate, while in-city consumption (restaurants, entertainment and urban transportation) remained strong.
This note proposes a path to shore up the measurement of the carbon footprint of the representative household of an economy, enhancing traditional macroeconomic analysis and with the use of Big Data in order to obtain real time outcomes and ins…
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…
Colombia is deepening its spending decentralization process, not only through the incursion of other large cities other than the capital, but also, and this is what is new, towards intermediate cities and regions other than large population conglomerations.
The growth trend in the real estate market continues. After the correction, between 2008 and 2014, the sector has not stopped growing in the last few years. This advance was only interrupted in 2020— the toughest stage in the COVID-19 pandemic— which is still affecting the world economy.