Artículos
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Looking beyond Spanish banks’ profitability
10 abril 2024
The Spanish banks reported sharp earnings growth in 2023, with the six largest banks recording over €26 billion in profits on aggregate, up 27% from 2022. This situation has prompted a deep dive into the issue in an attempt to understand the role these earnings play not only in the stability and growth of the financial institutions themselves but also in creating general economic wellbeing.
Autores: Carbó Valverde, Santiago, Rodríguez Fernández, Francisco
Etiquetas: Bank profitability
Rental affordability in Spain: Trends and variations across regions
Residential rents have increased sharply over the past decade, with average household expenditure on rent increasing by 27.7% between 2015 and 2022- well above the growth in average household income – yet with notable differences across the Spanish regions. The rent control policies introduced in 2022 have kept growth in average spending on rent at 2.1% (compared to 11.2% in 2019), however, although there are no rigorous studies, some real estate portal reports suggest these policies have also led to an estimated reduction of 30% in the supply of rental housing.
Autores: Romero-Jordán, Desiderio
Etiquetas: Rental market
Growth in Spanish labour demand: Evidence from online job postings
Labour demand in Spain appears to have weathered the effects of the pandemic, as evidenced by sustained growth in job postings, despite a more significant initial drop in hiring compared to other countries in 2020. This, together with other trends, appears to support part of the recent acceleration in Spanish wage growth, underpinning a solid forecast for employment and GDP growth in 2024 relative to other advanced economies.
Autores: Adrjan, Pawel, Lydon, Reamonn
Etiquetas: Labour demand
Labour market challenges in Spain
The performance of Spain’s labour market has improved, approaching European standards, supported by a mix of reforms and demographic changes. Jobs are now much more resilient to recessionary pressures; yet, two key weaknesses remain, namely the relatively low chances for re-employment for jobseekers, making unemployment relatively persistent, and difficult school-to-work transitions which contribute to nurturing high youth under-employment.
Autores: Fernández, María Jesús, Torres, Raymond
Etiquetas: Labour market
Global economy: Resilience in the midst of the storm
Although the global economy has demonstrated significant resilience in recent quarters, key risks related to geopolitical tensions, financial stability and policy mismatches remain, clouding the economic outlook for the medium-term. In the transition to the new normal, the hope is that the global economy will outperform currently lackluster previsions.
Autores: Díez Guijarro, José Ramón
Etiquetas: Global economy
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