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The Corner contextualizes the EU’s economy from Spain with exclusive analysis from market leaders.

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A dollar printing machine

The IMF tells the BoJ to hit the gas? What about the US Fed?

Markets

May 25, 2015 | By Benjamin Cole via Marcus NunesHistorinhas | The International Monetary Fund on May 22 badgered the Bank of Japan to adopt a more-aggressive growth stance, even though the island nation posted Q1 real GDP growth of 2.4%, and an annual inflation rate of 2.3%—along with an unemployment rate of 3.4%.

World economy

Oil sector – Drilling deeper: It’s the demand, stupid

May 25, 2015 | BNP Paribas | Data highlights that there is more pain to come for Drillers for the foreseeable future…and the opportunity for further offshore deflation for E&Ps and Majors. 

oil sector
In Europe

Spanish elections: A new political map

MADRID | May 25, 2015 | By Fernando G. Urbaneja | The conservative Popular Party has its worst election in two decades, losing a big chunk of power in cities and regions on Sunday. Corruption scandals and high unemployment resulting from the economic crisis severely punished traditional parties, which now need to form coalitions with emerging groups Ciudadanos and Podemos.

Mariano Rajoy
Markets

Bonds to tackle Chinese local debt

BEIJING | May 24, 2015 | By Zhang Yuzhe, Huo Kan and Xing Yun via CaixinA bond program that takes aim at China’s local government debt problem could raise 1 trillion yuan, yet cut creditor yields.

china local bonds
In Europe

Kostas Karamanlis as comeback kid?

ATHENS | May 23, 2015 | By Nick Malkoutzis via MacroPolis | A number of eyebrows were raised last week when an opinion poll suggested that former Prime Minister Kostas Karamanlis, who oversaw Greece’s fiscal derailment between 2004 and 2009, is the most popular candidate to take over from Antonis Samaras as New Democracy leader. 

kostas karamanlis
World economy

Persistently problematic productivity

May 22, 2015 | UBS | Why has real GDP growth been surprisingly weak compared to job gains? Why do some economists expect only slowly-trending GDP expansion in the coming years? Why has the unemployment rate fallen more often than expected? 

Productivity
In Europe

Cheap euro boosts Spanish exports

MADRID | May 22, 2015 | By Francisco López | The Spanish economy is beating new records mainly thanks to external factors. According to the latest data, exports of goods totalled €23.2 billion in March, the best monthly figure since 1971. The euro price fall has been crucial.

Exports