World Bank chief: ‘This crisis must be seen as an economic depression; the question is how long it will last’

President David Malpass is worried about the effects of the coronavirus pandemic on developing economies, which lack the recovery tools of developed countries


Bank of Spain eyes tax hikes to offset soaring debt from Covid-19 crisis

Central bank announces its medium-term plan for an economy that contracted 5.2% in the first quarter due to the lockdown


Bank of Spain forecasts fall in GDP of up to 15.1% due to Covid-19 crisis

The central lender has charted several scenarios for recovery and has issued a warning that the Spanish economy will not return to pre-crisis levels until at least 2022


IMF forecasts 8% economic contraction in Spain due to coronavirus crisis

The unemployment rate could soar to nearly 21%, according to the organization's 'World Economic Outlook' report of April 2020


Martin Ravallion: “We have to get rid of the idea that wanting to reduce inequality makes you a communist”

The former World Bank economist talks to EL PAÍS about his mission to fight global poverty, and how to make capitalism fairer for everyone


US and Canada pressure Mexico to increase minimum wage

Proponents of salary hikes for the country’s poorest have found unexpected allies in NAFTA partners


116-year-old Mexican woman deprived of pension for “being too old”

A bank glitch related to María Félix Nava’s advanced age prevented her from getting new account and card


Is Mexico’s avocado boom sustainable?

Country is leading global exporter, but the environmental impact is proving increasingly costly


Growing numbers of Mexicans are rethinking their plans for a US holiday

Widespread resentment toward Donald Trump and falling peso are the two main factors

Economy and business

Beyond Trump: the hidden threat robots pose to the Mexican economy

Automation endangers model based on low-wage jobs and export of goods made in duty-free zones


Mexico welcomes record number of foreign visitors in 2016

But instability, a lack of diversification and economic woes pose a risk to future growth


The gap that NAFTA was unable to close

Despite pledges, there’s been no per capita income convergence between Mexico and its trade partners


“Renegotiating NAFTA might not be a terrible thing”: IDB chief economist

Trade deal could do with revision, says José Juan Ruiz of the Inter-American Development Bank


Spain’s leading companies join call for UK to reject Brexit and remain in EU

Letter signed by CEOs of Inditex, Iberdrola and Telefónica highlight importance of a united Europe


Spain on European Union list of worst offenders for counterfeit toys

Brussels calling for awareness campaign to combat multi-million euro problem


Uber reaches out to Spanish regulators in a major strategy shift

Car-sharing service willing to provide income information on drivers to local tax authorities


IMF warns about the weakness of Spain’s corporate sector

Report recommends more deleveraging and finding alternative sources of funding


Spain moderates its line against Greece after referendum ‘no’ vote

Economy chief Luis de Guindos says he wants country to remain part of the euro

Córdoba Airport is example of Spain’s wasteful spending, says EU

Court of Auditors criticizes use of European funds to help expand eight installations

Brussels turns down Spain’s request to clarify rules for alternatives to taxis

Petition comes day after cab strike brought traffic chaos to Madrid and Barcelona

24-hour strike over online car services leaves Madrid without taxis

Drivers’ associations claim 100 percent support for stoppage, which is also affecting Barcelona


EU court forces Google to uphold “right to be forgotten” online

Legal battle between tech giant and Spanish data protection agency ends in favor of privacy rights Around 200 cases in Spain were awaiting Luxembourg ruling, which applies to all search engines

independence drive

Independent Catalonia would be left out of the EU, Brussels insists

Reminder comes one day after advisory committee said region would likely be allowed to stay


Rajoy gets illegal immigration at top of EU-Africa summit agenda

Over 80 African and European leaders pledge to work together to fight human trafficking Spanish leader misses dinner where he was due to sit with Equatorial Guinea dictator

Royal palace denies intervening on behalf of Equatorial Guinea dictator

Obiang had thanked King Juan Carlos for helping him arrange conference talk in Brussels

Panama Canal dispute may delay project by five years

Sacyr-led consortium offers to co-finance cost overruns to finish widening the waterway on time