Nothing like this has ever happened before since statistical data has been available. The sharp rise in food prices has caused an unprecedented drop in food consumption in Spain. Between November 2021 and the same month last year, sales fell by 8.8% in volume and by up to 2.5% in value. But, asks the daily El Economista, are the Spanish really eating less as a result of inflation? According to…
The former Minister of Industry in the Socialist government of José Luis Rodríguez Zapatero will today present in Madrid his book “El virus interminable” (Ediciones B). In it he analyses the mistakes made during the pandemic and the pending issues in the event of a new health crisis of this type in our country. On this occasion, the newspaper La Razón interviewed him. Q- Could the management of the data…
Luis Alcaide | Little has emerged from the face-to-face meeting between Xi Jinping and Pedro Sánchez during the G7 meeting in Bali. Only the Spanish Prime Minister’s request to his Chinese counterpart to exercise his best offices with Vladimir Putin to stop his invasion and destruction of Ukraine. Nothing has come to light about the bilateral relations between Spain and China, despite the fact that China is the leading international…
Link Securities | On Monday, Iberia (IAG) chairman Javier Sánchez-Prieto warned about the implementation of asymmetric sustainable policies in Europe, which could be a drag on Spain’s tourism business, the daily Expansion reported. Specifically this could mean the loss of up to 11 million tourists and 450,000 jobs, according to Deloitte. Imposing taxes on flights within the European Union (EU) would be prejudicial for those companies which operate in the…
The Organisation for Economic Co-operation and Development (OECD)’s analysts, in their new economic growth projections for 2022 and 2023, have revised Spain’s gross domestic product (GDP) growth for 2022 upwards by three tenths of a percentage point to 4.4% compared with their June estimate. Meanwhile, they have lowered their projection for Spanish GDP growth in 2023 by seven tenths of a percentage point to 1.5%. With regard to inflation, the…
The Second Vice-President of the Government, Yolanda Díaz, plans to meet this Monday with the distribution sector to ask them to limit the prices of certain products in the shopping basket. Díaz will thus put pressure on the sector to “contribute through its business margins to an affordable and quality basket”. But on Friday, the National Commission for Markets and Competition (CNMC) advised against this measure, which is “expressly prohibited”…
Warinca Arce | At the presentation of the new temporary and extraordinary taxes on large energy companies and the country’s big banks, Patxi López, spokesman for the socialist parliamentary group in Congress said: “Those who are protesting are the same people who, when they, the financial institutions, had problems, knocked on the door of ‘papa Estado’ to fix their problems. And ‘daddy state’ put in 60 billion euros…”…. “So far,…
The International Monetary Fund (IMF) has lowered its GDP growth forecast for the whole world, including Spain. Spain will grow by 4% in 2022, which is eight tenths of a percentage point lower than the forecast published in April. The fall in GDP will be more pronounced next year if Russia’s war against Ukraine continues. According to the report ‘World Economic Outlook’, published on Tuesday, the IMF considers that in…
Between January and May, the Spanish trade deficit increased to 26.569 billion euros, 6.5 times more than in 2021. This is the highest level since the Great Recession of 2008, when it reached 42.63 billion euros. The figures for exports of goods to other countries have been above the maximums of the historical series, which began in 1995, since 2022 began. In the cumulative figure between January and May, sales…
Imports of gas from Algeria fell by 41.11% in the first half of 2022 compared to the same period the previous year. Meanwhile, purchases of this raw material from Russia increased by 3.2% year-on-year in the first six months of the year, according to the latest data from Enagás’ Boletín Estadístico, corresponding to June. Specifically, in the first half of the year Spain bought 55,962 gigawatt hours (GWh) of gas…