growth

World economy 19th January 2022

Q4 GDP Enough To Set China’s 2021 Growth Above The 8% Benchmark But With Challenges Ahead For 2022

Alicia García Herrero (Natixis) | Chinese economy has rebounded by 8.1% in 2021 after slumping to 2.2% in 2020. While the Q4 year-on-year growth rate was lowered to only 4%, the current growth momentum was still positive as the QoQ growth rate (seasonally adjusted) have accelerated to 1.6% in Q4 from 0.7% in Q3. However, there are signs that the Chinese economy is facing increasing challenges, raising questions on whether…

European economy 28th December 2021

We Need Recovery And Growth

Luis Alcaide | In the Romanised Spain of the first two centuries, the so-called Silver Age, an Aragonese, Quintilian, whom his countryman Martial would call “summus mo¬de¬rator juven¬tae”, called for “men of talent, capable of living in a cordial world and participating in public affairs”. Centuries later, in a Spain that was already moving towards modernity, the poet of the upper classes, Campoamor, described those men of talent as “a…

Spanish economy 23rd December 2021

IMF downgrades its growth forecasts for Spain in 2021 (4.6%) and 2022 (5.8%)

The International Monetary Fund (IMF) has substantially cut its growth expectations for the Spanish economy in 2021 and 2022, reducing the expected expansion of GDP this year to 4.6% from the 5.7% anticipated last October. For next year it forecasts that the rebound in activity will be limited to 5.8%, six tenths of a percentage point lower than previously expected. So the IMF’s forecasts are close to those recently published…

Spanish economy 26th October 2021

The Bank Of Spain Will Revise Spanish Economic Growth “Significantly Downwards”

The governor of the Bank of Spain (BdE), Pablo Hernández de Cos, warned yesterday that the institution’s analysts will revise “significantly downwards” their forecasts for Spain’s economic growth this year. He did so during his speech before the Congressional Budget Committee, to offer his opinion on the draft General State Budget for 2022. Furthermore, Hernández de Cos said he believes that some revenues in the General Budget have been calculated…

Relevant News Item 14th May 2021

Brussels Upgrades Spain’s Growth Forecast To 5.9% And Debt To 119.6% Of GDP In 2021

BancaMarch | Brussels has upgraded Spain’s GDP growth forecast. The Commission’s new forecasts put Spain’s GDP growth at 5.9% in 2021 (5.6% previous estimate) and 6.8% in 2022 (5.3% previous estimate). So Spain would regain pre-pandemic GDP levels by end-next year. The improvement in the revision is a consequence of progress in vaccination and the disbursement of European funds, of which Spain is one of the major beneficiaries. To this…

Spanish economy 7th April 2021

Spain Will Grow By 6.4% In 2021, According To The IMF

T.C. | The Spanish economy will grow by 6.4% in 2021, making it the fastest growing European country, and one of the fastest growing in the world among the advanced economies, along with the United States, where growth is also estimated at 6.4%, according to the International Monetary Fund’s biannual ‘World Economic Outlook’ report, published yesterday.

In the World, World economy 7th October 2020

Demographics Squeeze Advanced Economies’ Long-Term Growth Potential; Big Test For Italy, Japan

Demographics and labour-market inclusion are increasingly important determinants of growth in advanced economies where productivity is in structural decline, but the impact is highly uneven. Italy and Japan are particularly vulnerable to below-par growth. Scope Ratings has examined the impact of demographic trends on long-term economic growth in major economies, assuming productivity growth and employment rates remain constant.

World economy 31st July 2020

USA And Germany: The Engine Of The Two Western Locomotives Is Seizing Up

The economic growth of both economies has fallen sharply in the Q2 of the year due to the coronavirus restriction measures. Germany’s GDP saw a decrease of 11.7% on yoy rate. The country was plunged into the deepest recession in post-war history. On the other side of the Atlantic, the US GDP was down 32.9% in annualised terms, the biggest fall since the current historical series began in 1947. Spain and France accompany them with record contractions of 22,1% and 19%, respectively.

Spanish economy 25th June 2020

IMF Forecasts: The Heavy Weighting Of The Tourism Sector Explains Sharp Downward Revision In Spain’s Expected Growth

Bankia Estudios | None of the world’s major economies will avoid an annual contraction in GDP, with the possible exception of China, which could grow by a modest 1%, reported the institution. As for the Spanish economy, it has cut forecasts from the -8% estimated in April to -12.8%. For 2021, it estimates 6.3% growth , so that next year the level of GDP will still be 7.3% lower than in 2019 (4% in the previous revision). Spain’s worse performance is mainly due to the heavy weighting of tourism sector in GDP.

World economy 22nd May 2020

China Chooses To Be Realistic And Refuses To Quantify Its 2020 Growth Target

China has decided that it will not set a target for economic growth for 2020, due to the uncertainty caused by the Covid-19 pandemic. This was announced by Chinese Premier Li Keqiang at the opening session of the National People’s Congress, the highest legislative body of the People’s Republic of China. The country will give priority to guaranteeing the population’s living standards, with job creation goals, reducing the unemployment rate to 6% and an inflation target of 3.5%.

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