For the first time since the beginning of the crisis, the Spanish government faces lower borrowing costs that the U.S. …
Is Spanish Government reformism delivering?
Does the current economic policy in Spain help or impede the recovery and medium and long-run growth prospects? Together with a group of eight IESE experts and six of some of the most prominent Spanish economists, we have developed the Reform Monitor, an assessment of the performance of the Spanish economy; the adequacy of the […]
The Future of Spain Economic Growth: the Elasticity of Employment
Nobody really knows what will happen in terms of Spain’s future growth. Obviously, whatever awaits will depend on many factors, both domestic and foreign. First and foremost, Spanish growth will depend on any and all future reforms and policy measures that the current and future Spanish governments may take. Unfortunately, the reform plans of the […]
Spain Nears Trade Equilibrium
Well, equilibrium is a bit exaggerated. In May, Spain’s trade balance accumulated over 12 months – my favorite way of looking at this data for seasonality – registered a deficit of about 20.5 billion euros, which is equal to roughly 2 percent of the GDP. The data improved by slightly more than 2 billion euros in April, due to an increase […]