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spanish PM pedro sanchez

Spanish economy 28th July 2021

The Government Expects A Deficit Of 8.4% This Year

The Council of Ministers on Tuesday approved the non-financial spending limit, the ‘spending ceiling’, for the State Budget for 2022. This remains at 196.142 billion euros, in line with the figure recorded a year earlier, including extraordinary transfers to the Social Security (of 18.396 billion), to the autonomous communities, and part of the European funds. The government has also maintained its public deficit forecast of 8.4% of GDP for this…

Standard Poors

In the World, World economy 23rd October 2020

The Risk Of Huge Increase In Spending And Public Debt Due To Covid-19 Will Lead To More Ratings Downgrades

S&P has warned of the possibility of a second wave of sovereign credit rating downgrades around the world. So far in 2020, the firm has downgraded ratings or outlook for 60 countries. The problem lies in the effects of COVID-19 that be will dragged on over the next few years. In fact, some countries will add 15-20 GDP points to their public debt, which otherwise would have taken four or five years to accumulate. In addition, public spending will continue to be above normal for a period that can extend 3-5 years.

exports gorgeous

Spanish economy 29th May 2020

The Spanish Export Sector’s Deterioration Due To The Health Crisis Is In Line With The Eurozone: A Fall Of Around 3%

Bankia Estudios | As expected, the improvement in the external sector observed in the first two months of the year did not continue in March. The Covid-19 crisis hit both exports and imports hard, with setbacks of more than 14% year-on-year: only trade in chemical products, mainly medicines, and food was exempt from the contraction. The Q1’20 accumulated drop in Spanish exports (3%) is similar to the one noted in the EMU (3.2%) and Germany (3.3%), but much lower than that in France (8.6%). 

 

The agreement on the minimum wage and the relative success of the trip to Catalonia encourages the new government

Opinion, Spanish economy 8th January 2020

The new all or nothing government for Spain

Ana Fuentes | The recently appointed coalition government is facing the biggest constitutional crisis of Spanish democracy. With almost half of the parliament against, in addition to criticism within his own party, PM Sanchez has launched an all or nothing bet. If he manages to take a part of Catalan pro-independence supporters to the constitutional path, and ERC renounces unilateralism as Basque separatism did, this will be an achievement for posterity. But the play may go wrong for the Socialists, and it would not be the first time.

spanish and european flag TC

Spanish economy 8th June 2019

Spain remains the outperformer in Europe

Morgan Stanley | The European Commission announced the end of the EDP (excessive déficit procedure) for Spain. This is good news but already expected by the markets. With growing risks in the rest of Europe, our analysts believe that Spain will remain the macro outperformer over the next few quarters thanks to its good fundamentals, with a gradual relative improvement in public finances, reducing debt and the deficit below 3% (the main reason for ening the EDP).

Italy

Markets 31st May 2019

Brussels-Rome pulse complicates the scenario for investors

Link Securities | We highlight the negative impact that the new conflict between the European Commission (EC) and the populist government of Italy is having on the European securities markets and on the euro. Rome has not taken the necessary measures to contain the public deficit, which it will lead to a further increase in Italian public debt, whose weight could surpass 135% of GDP in two years.