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The plan is sufficient and ambitious, it contains a proper diagnosis and assigns funds in line with NGEU objectives. It also has omissions and weaknesses. The vagueness about reforms is a particular cause for concern.
Current global circumstances will enable the recovery of the Spanish economy to continue in 2021 and will mean that the speed of this recovery depends almost entirely on how successfully national public policies and the private sector manage their way out of the crisis.
Predictably, Spain closed 2019 with a public deficit that was closer to 2.5% of GDP than to 2%, meaning little change in comparison with 2018. This almost complete lack of improvement means that fiscal consolidation efforts will be carried over to this year.
A wave of protests has shaken Latin America in recent months. The increase in social unrest has led to mass protests in countries such as Chile, Colombia, Ecuador and Bolivia. There are also worries that this could spread to other parts of the region.
Since Donald Trump took office in 2017, the United States has embarked on a process of easing and recalibration of its financial regulation. While this process will not entail a dismantling of its regulatory framework, it is certainly the largest overhaul made since the last financial crisis.
Desde 2007 ha aumentado la desigualdad entre regiones. ¿Ha revertido este comportamiento con la recuperación? La respuesta es que no.
En este trabajo se estima el impacto macroeconómico de la mayor flexibilidad salarial e interna en las empresas favorecida por los distintos cambios en la regulación laboral aprobados a partir de 2012 en España.