spain savings rate

OECD congratulates Spain for its economic performance

Luis Alcaide | “The Eurozone Manufacturing PMI data prepared by S&P Global and Hamburg Commercial Bank retreated to 49.6 points in November, falling below the 50 points of the previous month (above 50 points indicates expansion, and below indicates contraction). By country, Germany marks 48.2 and France 47.8, while Spain records 51.5 and Italy 50.6.” The influx of new orders in the manufacturing sector is increasing in the two Southern…

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Crédito y CauciónCrédito y Caución
UE gas

European Union announces end of Russian gas imports from 2027 onwards

Bankinter | The European Union announces the end of Russian gas imports. A provisional agreement has been reached that will allow for the permanent cessation of liquefied natural gas imports by 31 December 2026, and pipeline imports by 30 September 2027. Finally, it reiterates its commitment to ensuring the elimination of all oil imports by the end of 2027. Bankinter analysis team’s view: This is good news because it represents…

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Banner CIR, junio 2022

economia global

Global economy to grow 3.2% in 2025 and 2.9% in 2026, before slowing to 3.1% in 2027, according to OECD

Link Securities | According to new macroeconomic estimates published yesterday by the OECD, the global economy will grow by 3.2% in 2025 and 2.9% in 2026, before slowing to 3.1% in 2027. Risks to growth will stem from increased trade barriers. The US economy will grow by 2.0% in 2025, 1.7% in 2026 and 1.9% in 2027, against a backdrop of lower job creation and fiscal adjustment. For its part,…

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interviews

antonio bonet

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

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ElenaJimenezdeAndrade

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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