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June 6, 2019

What is the cyclical position of the Spanish economy?

Over the last few months, there has been an interesting debate on the cyclical position of the Spanish economy, its potential growth and the output gap.

March 11, 2019

Extremadura Economic Outlook 2019

The GDP of Extremadura would have grown by 2.6% in 2018, 0.5 p.p. above the growth of 2017, and is expected to increase by 2.4% in 2019 and 1.9% in 2020. This will add around thirteen thousand new jobs between the end of 2018 and 2020 and the unemployment rate shall drop to 21.2%, still 5.8 p.p. above the 2007 minimum.

July 9, 2018

The current expansion of the Spanish Economy

Since 2014, Spain has been growing at rates higher than those of most other European countries. During these years, Spain has recovered the competitiveness lost before the crisis. Inflation, unit labour costs and mark-ups have performed better than in the euro area as a whole, resulting in strong export growth. In 2017, exp…

April 20, 2018

The social dimension of the European Union

This presentation discusses the existing inequality in the European Union, explained by factors such as unemployment, severe poverty and education, among others, and the policies needed to move towards a more socially integrated EU.

September 2, 2016

Spain | Labour market records showed a loss of traction in August

Labour market records showed a worse than expected development in August. BBVA Research estimates show that, after controlling for stationarity, the number of affiliates rose by 15 thousand people while unemploiyment was reduced by 34 thousand. Both numbers imply a slowdown in respect to those registered in the previous mon…

June 2, 2016

Spain | Affiliation grows again as unemployment drops under the 4 million mark

Labour market records continued to have a positive trend in May, in line with what was expected. After controlling for stationarity, social security affiliation grew by around 40 thousand affiliates, the same number in which registered unemployment was reduced. The growth in employment continues to rely on the service secto…

May 31, 2016

Chile | The unemployment rate increased slightly to 6.4% in April

The jobless rate increased slightly to 6.4% in April, above our expectation (a stable 6.3%) but below consensus (at 6.5%). The figure was driven by a 1.4% YoY rise in job-creation (mainly self-employment) as against the 1.6% YoY growth in the labour force. Overall, despite the low unemployment rate, the labour market still …

January 28, 2016

Spain | The Spanish economy created 525.100 jobs in 2015

The rise in occupancy and the drop in active population reduced the unemployment rate to 20,9% in 4Q15. In all 2015, 525,1 thousand jobs were created and the unemployment rate dropped almost three percentage points down to 20,9%.