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January 18, 2021
The global economy has been pushed and pulled between two opposing forces: the brutal shock of the pandemic and the overwhelming response of both monetary and fiscal economic policies. This will continue in 2021.
December 29, 2020
Beyond the human tragedy of COVID-19, 2020 has left us with a long list of economic consequences for the future. They are not all negative. The most obvious consequence is the severe recession, with global GDP expected to decrease by more than 2.5%, which is a bigger decrease than that of the 2009 financial crisis (-1.7%).
March 16, 2020
BBVA Research has analyzed developments in the Valencian tourism sector for a number of years, and seen the important changes that it has undergone. The sector generates around EUR 16 billion per year (15% of regional GDP) and is responsible for 290,000 jobs (15% of total employment).
February 24, 2020
The eurozone slowed somewhat more than expected in Q4 of last year, with growth shrinking to 0.1% in the quarter. Looking at individual countries, the biggest surprises were the contraction in activity in Italy (-0.3% QoQ) and France (-0.1% QoQ) and the stagnation of the German economy.
February 10, 2020
The prevalence of highly Euroskeptic ideas in the UK throughout the Brexit process has been a constant surprise in Europe and these ideas are an example of how cultural and political biases are sometimes imposed on economic logic.
