Articles
Page 106 of 621
The resurgence of insurance products in Spain
29 November 2023
In what looks to be the tail end of the monetary policy tightening cycle, the insurance business in Spain is staging spectacular growth in revenue (premiums), fuelled by life
insurance products. With rates now looking more likely to stay high for longer, momentum in these products is expected to continue; however, from a broader perspective, the sector is likely to suffer, particularly in the non-life business, from the economic slowdown and high costs of claims in the motor insurance segment.
Autores: Manzano, Daniel
Tags: Insurance sector
Mortgage prepayment: An alternative to saving
After one year of intense interest rate increases, coupled with very slow pass-through to deposit rates, households have moved decisively to reconfigure their savings, and also
their borrowings. In this process of recomposition of household financial flows and the search for an alternative to deposits, the early cancellation of debts, especially variable rate mortgages, which are undoubtedly the most affected by the rise in interest rates, has
gained increasing significance.
Autores: Alberni, Marta, Berges, Ángel, Rodríguez, María
Tags: Mortgage prepayment
EU fiscal rules reform and Spain’s fiscal position
After Spain’s public deficit initially soared to 10% of GDP and the public debt level rose to historical highs of 120% of GDP in the wake of the pandemic, reactivation of the economy and significant growth in tax revenue has since helped to underpin improvement in the
county’s fiscal metrics. However, under a stricter EU fiscal framework, budgetary stability in Spain will face significant hurdles, unless further fiscal adjustments and reforms are
implemented.
Autores: Lago Peñas, Santiago
Tags: Rules reform
Public revenue and expenditure forecasts for 2024 under a no policy change scenario
Growth in total state revenue is expected to slow in 2024, while growth in public expenditure
is forecast to slow over the same time frame. Given that wage and pension increases will continue to put upward pressure on the deficit, achievement of the 3.0% of GDP target required under EU fiscal rules will be difficult.
Autores: Romero-Jordán, Desiderio
Tags: Fiscal outlook
New tourist flows boost summer arrivals virtualy back to pre-pandemic levels
The high expectations for the recovery in international tourism appear to have been met this summer by comparison with 2019, particularly in terms of daily tourist expenditure. Going forward, expected increases in tourism from source markets with higher on average purchasing power is helping to underpin a constructive outlook for the Spanish tourism sector in 2024.
Autores: Moral, María José
Tags: Tourism sector
Page 106 of 621