Sometimes we are not aware of the importance of the changes we are currently experiencing, either because they are happening too fast or too slow, or because we are just at a tipping point. This is the case with climate change.
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The biggest economic success story of the last century is that of the so-called Asian tigers: Taiwan, South Korea, Singapore and Hong Kong. These countries managed to become advanced economies in a short period of time.
Growth expectations and the macroeconomic environment for 2023 set a less encouraging scenario for job creation in 2023. We expect 527K new jobs to be created by the end of the year, equivalent to a year-on-year growth rate of 2.5%.
Activity indicators signaled the continuation of weakness till late Dec22 but starting from thereafter early figures indicate the reversal of the recent deceleration. We forecast 5-5.5% GDP growth in 2022 and a very strong start to the year wit…
Spain must combine fiscal consolidation and budgetary stability with growth. It must increase the weight of productive public expenditure over total public spending and improve its efficiency, as a strategy for inclusive progress, in order to r…
As with any fever, inflation in 2022 was only the symptom of serious ailments. So why was the action of the European Central Bank (ECB), which raised rates from 0 to 2.5%, so important?
January 4, 2023
Colombia | National unemployment rate was 9.5 in November, 2pp lower than in November 2021
In November 2022, the national unemployment rate was 9.5% and the urban unemployment rate was 9.1%. With this, the national unemployment rate was 2.0 percentage points below that of the same month in 2021, and the urban unemployment rate was 3.1 percentage points below.
Consumer prices increased by 1.2% in December and annual consumer inflation fell sharply on base effects to 64.3% from the previous 84.4%, leading to a full year average of 72.3%. We expect annual CPI to come down to 50-55% in 1Q23 and decline …
Unusually and unexpectedly high inflation has been one of the most analyzed and discussed topics in 2022. Its causes and consequences have been at the very heart of the economic debate. And although its determining factors have not yet been une…
Türkiye has the lowest female labor force participation rate amongst OECD members, where women constituted almost half of the male labor force participation. We compute a Conservatism Index to confirm that regions in Türkiye with higher conse…
The European Union is on track to close 2022 with consumption below previous years and healthy reserves. However, a possible return to normal temperatures, China's economic recovery and, concerns about Russia supply and nuclear generation in France could put pressure on the gas markets in 2023
This Working Paper analyses σ−convergence and absolute β−convergence in human capital indicators in a sample of 140 countries from 1970 to 2020, and to what extent human capital may have contributed to the convergence in GDP per capita observed in recent years.