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The pandemic and its impact on the insurance business in Spain

1 December 2021


The impact of the pandemic on the insurance industry was significant, if uneven, across
both geographies and business lines. While the industry is showing signs of recovery,
forecasts are predicated on the normalisation of claims and the continuation of financial
market stability.

Autores: Blasco, Ignacio, Manzano, Daniel, Milner, Aitor

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Cryptoassets: The good, the bad and the advent of CBDCs


The emergence of cryptoassets provides both risks and opportunities for investors, banks and central banks alike. However, determining the ideal design and regulation of these assets, as well as anticipating any potential risks, will be key to minimizing financial system disruption and maximizing the associated benefits.

Autores: Carbó Valverde, Santiago, Rodríguez Fernández, Francisco

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Spain’s sluggish post-pandemic recovery


Spain’s economic recovery is proving weaker than initially predicted, with 2021 growth now projected to come in 1.2 percentage points lower than in the previous forecast. Inflation will continue to be a key source of risk, with the potential to further undermine household and business purchasing power.

Autores: Fernández, María Jesús, Torres, Raymond

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Lagging productivity and the need for structural reforms in Spain


Spanish productivity has lagged both the US and eurozone for the past two decades due to lower investment in key areas, such as technological and human capital, among
others. Although the European recovery funds should facilitate investment in areas like digitalisation, structural reforms will also be necessary to boost Spain’s productivity growth.

Autores: Maudos, Joaquín

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Spain’s recent performance implementing the recovery funds and outlook for 2022


Spain is set to received 140 billion euros as part of the Next Generation EU funds to facilitate the country’s recovery from the COVID-19 crisis, with a focus on the green and digital transitions. So far, progress on executing plans to use these funds has been uneven, with investments and reforms expected to ramp up in 2022.

Autores: Cantalapiedra López, César, Domínguez, Ana María

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Page 189 of 621

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