Torres, Raymond

Perspectivas económicas y fiscales para España

La previsión de crecimiento del PIB en 2023 en España se eleva al 2,4 %, dos décimas más que en la anterior previsión, gracias al impulso de la primera parte del año. El crecimiento procederá sobre todo de la demanda interna, destacando el repunte del consumo tanto público como privado.

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The uncertain duration of high interest rates

Monetary policy remains immersed in an intense battle to stem inflation. We are seeing a quick succession of interest rate increases and, consequently, raising eurozone borrowing rates across the board. Credit has already contracted, and the cost of debt has increased, but the duration of the tightening cycle remains unclear as monetary authorities have signaled that their policy approach remains conditional upon the path of inflation.

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Youth housing affordability in Spain versus the EU

Spanish youth face significantly more difficulties accessing affordable housing than is the case in other European countries –a situation which has worsened in recent years. The main factor appears to be the shortage of rental housing, suggesting that policies should be geared towards promoting supply in that segment of the market, rather than acting in an untargeted manner or supporting demand.

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