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Financial Stability Board chair warns about vulnerabilities in the global financial system
‘The global economic recovery is losing momentum,’ Klaas Knot told G20 leaders ahead of the New Delhi Summit
‘The global economic recovery is losing momentum,’ Klaas Knot told G20 leaders ahead of the New Delhi Summit
The economist says that salary inequality has decreased in the era of Covid-19 and inflation
William Maloney, the World Bank’s chief economist for the region, talks about the impact of inflation, the threat of climate change and the growing influence of China in the area
The ECB raised rates by half a percentage point on Thursday, underlining its determination to fight high inflation
Following the Credit Suisse crisis, analysts are divided on whether the central bank will follow through on plans to raise rates by 0.5 points or reduce it to 0.25
Since 2020, the global economy has been facing major shifts and challenges: unexpectedly high inflation, abrupt rate hikes, de-globalization and the energetic transition
The economist talks to EL PAÍS about the impact of interest rate hikes, when inflation will come down and why reducing inequality is a political decision
After a record tourist season, analysts paint a bleak picture due to Putin’s war and rate hikes. The US is already a cause for concern and the EU may be even worse off
The plan, which is still subject to talks, will mean that freelancers pay according to what they earn rather than a flat monthly rate
Economic output is now expected to rise by 4.5% in 2021, powered by domestic demand and aided by the country’s high Covid-19 vaccination rates
Philip R. Lane insists that the European Central Bank will ensure Europe enjoys a robust recovery and that growth is expected to be ‘pretty strong’ in 2022
World body raises the figure to 6.4% in 2022 but believes that deficit levels will not drop as fast as the Spanish government is expecting
Spain will also experience the biggest economic expansion of advanced nations next year, but it comes on the back of a record decline of nearly 11% in 2020 due to the coronavirus pandemic
The news comes as draft guidelines from the European Commission link funds to respect for the rule of law and proper management of aid – a change that reflects concern over authoritarianism in Poland and Hungary
The so-called ‘coronavirus passport’ will come into force across the 27-country bloc on July 1, and aims to standardize documents such as proof of vaccination or PCR test results
Brussels has warned that the risk of coronavirus infections are similar whether journeys are taken inside or outside a country’s borders
The European Commission said the Spanish economy will experience the biggest GDP rebound of the entire EU with figures of 5.6% in 2021 and 5.3% in 2022
At Eurogroup meeting, Economy Minister Nadia Calviño discussed ideas for reversing the impact of the coronavirus crisis, although labor and pension changes have yet to be sent to EU
The European Commission is asking countries to commit to structural changes to address deep-seated problems such as soaring debt and an over-reliance on temporary contracts
The European Commission’s new report says that economic output will drop by 12.4% this year, then make gains of 5.4% in 2021 and 4.8% in 2022
Nadia Calviño was backed by Germany, France and Italy, and the reversal weakens the Spanish position ahead of a key summit on an EU coronavirus recovery fund
This is more than the 9.4% decline predicted in the spring, and it creates a wider gap between Spain and the euro zone
If approved, the Spanish economy would be the second top beneficiary of the historic program after Italy
The European Commission has acknowledged potential risks from the coronavirus to the bloc’s economy
Carles Puigdemont and Toni Comín will be open to extradition to Spain depending on a vote by the chamber, but would not lose their seats until convicted of an offense
Carles Puigdemont and former regional health minister Toni Cómín have begun the process of taking their seats in the European Parliament, after a favorable EU court ruling on parliamentary immunity
According to the ruling, Oriol Junqueras should have been considered a Member of the European Parliament from the moment he won his seat at the May 26 election