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This presentation addresses the EU-Latam relationship and its structural challenges, as well as focusing on the analysis of the levers for productivity growth and how both regions can better address the challenges ahead by shoring up their relations on multiple fronts, building on many strengths.
Retaking the path of convergence toward the most advanced economies will require a great deal of success in the investment of the European NGEU funds and in the reforms, and also time, with results that will be measurable in the medium and long term.
Human capital formation faced great challenges prior to the pandemic; conditions are likely to have worsened with COVID-19. It is necessary to prioritize and strengthen the educational system. Without investment in human capital, there can be n…
An important part of the "incomes pact" was completed several days ago with the fifth Agreement for Employment and Collective Bargaining. Although it consolidates the loss of workers' purchasing power, it ensures that labor costs will not put a…
This Observatory evaluates the factors explaining the behavior of the Spanish economy during 2022, and estimates the structural shocks behind the growth of GDP per working-age person (WAP), the GDP deflator and real wages.
Economic progress and welfare depend in the long run on innovation, productivity, and employment. The digital revolution and the energy transition are an opportunity for Spanish society, but also a considerable challenge.
Increases in the national minimum wage (SMI) are excellent news in economies in which productivity is growing and employment rates are high. However, there needs to be an awareness of the costs and benefits of the measure, which regrettably are still not being evaluated with the necessary detail and rigor.
The economy slowed somewhat less than expected (to 0,1% q/q), largely due to the resilience of private consumption and exports, as well as to a smaller-than-expected deterioration in investment. In this context, total hours worked declined marg…
Christmas is approaching and, as is customary every year, some of us will be thinking about what resolutions to make for the new financial year. For the second year in a row, we should include something or other to bring down inflation.
This Economic Watch evaluates the factors that explain the behavior of the Spanish economy between the third quarter of 2020 and the second quarter of 2022, and estimates the structural shocks behind the growth of GDP per working-age person (WA…
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 in some parts of the labor market.
The economy accelerated more than expected (to 1.1% q/q) due to strength in private consumption and construction. However, there are some less positive elements on the demand side, as growth was constrained by a decline in machinery and equipment investment and goods exports
