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March 3, 2022
Spain | Crisis and recovery of Spanish economy after two years of COVID-19
This Observatory assesses the factors explaining the behavior of the Spanish economy between the first quarter of 2020 and the last quarter of 2021, and estimates the structural shocks behind the growth of GDP per working-age person (WAP), the GDP deflator and real wages.
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April 28, 2021
Spain | The cyclical situation of the economy one year after the beginning of the crisis
This Economic Watch evaluates the factors that explain the cyclical behavior of the Spanish economy during 2020 and the first quarter of 2021. For this purpose, we use observed data up to 4Q2020 and real-time estimates for 1Q2021 from BBVA Research.
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December 23, 2019
Business and credit cycles, financial instability and recession triggers
The paper presents a quasi-historiographical or “narrative” analysis of the most critical developments occurring prior to and through the last nine recessions in light of Minsky’s theory of financial instability.
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May 7, 2018
Protectionism and global prospects
Following a good 2017, the global economic outlook for this year and next remain positive, but there is also a long list of uncertainties, to which has recently, and forcefully, been added the threat of escalating protectionism.
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