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    January 17, 2022

    Spain | A patchwork recovery

    Leaving aside divergences in the short term, a comprehensive, balanced approach must pay attention to all the underlying information on the ongoing recovery of the Spanish economy that indicators such as GDP and employment can offer us.

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    January 13, 2022

    Spain | Analysis of National Tourist Flows in Real Time in Dec-21

    According to BBVA credit card spending data, tourist spending made by Spaniards remained 4% above the 2019 records in December (5% in November and 77% y / y). If spending by Spaniards abroad is excluded, the advance stood at 11% (14% in November and 71% in y / y).

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    January 12, 2022

    Spain | Economic recovery underway, but slower than expected

    The economy of the Basque Country, although showing a recovery, is less dynamic than expected last spring. GDP growth in 2022 will be somewhat higher than in 2021, around 5.5%, and by the end of 2022 there might be a return to the pre-crisis level of activity.

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    January 7, 2022

    Spain | Impact of COVID-19 on consumption in real time and high definition in Dec-21

    Card purchases in Dec-21 were 38% higher than in the same period of 2019, 2 points lower than in November (31% YoY). The slowdown in spending with foreign cards, both face-to-face (4%) and online (-35%), offset the increase in transactions with Spanish cards.

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    January 4, 2022

    Spain | The labour market closed 2021 on a positive note, despite COVID-19.

    Social Security affiliation grew by 72,600 in Dec-21 and unemployment fell by 76,800, more than expected. Seasonally adjusted, employment rose by 73,000 and unemployment dropped by the same amount. In Q4, the increase in affiliation kept its pace (1.1% QoQ SWDA) and the reduction in unemployment slowed (-6.6%).

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    January 3, 2022

    Spain | Pros and cons of the labor reform

    The new labor reform was achieved with a social consensus. It clears up uncertainties, makes several improvements and avoids going back on key progress made in the last decade. But it is not ambitious enough to solve the structural problems of the Spanish labor market.

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    December 29, 2021

    Spain | A few lessons from 2021 for 2022

    As we reach the end of the year, it's time to take stock of the last twelve months. We've seen that the best economic policy in 2021, was the rapidly rolled out, mass vaccination program. We have also seen that we can still create inflation — though this time most of it has come from the supply side rather than from demand.

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    December 21, 2021

    Spain | The demand for new housing in the next few years

    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.

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