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January 27, 2025
Artificial intelligence (AI) aims to transform a multitude of fields of knowledge, emerging as a general-purpose technology (GPT). In terms of productivity, economic growth, and the labor market, the effect of AI is limited at present, and there is extensive debate regarding its future impact.
December 23, 2024
The COVID-19 pandemic triggered an unprecedented disruption in economic activity in Spain. Although the recovery has returned to previous patterns in many respects, a detailed analysis of Spain's GDP and components reveals a more complex picture.
November 4, 2024
The International Monetary Fund (IMF) has just published its three flagship reports analyzing the state of play and policy recommendations on the economy (WEO), fiscal policy (Fiscal Monitor) and the financial environment (GFSR). Excellent readings with very elaborate recommendations.
October 24, 2024
This Observatory evaluates the factors explaining the cyclical behavior of GDP and private consumption in Spain up to Q2 2024. It analyzes the supply and demand factors behind the GDP per working-age person (PET) gap of -1.3 pp from its trend level and the weaker performance of consumption compared to pre-pandemic levels.
September 23, 2024
After a year of work, Mario Draghi has just presented the report commissioned by Ursula von der Leyen to kick-start EU productivity and competitiveness. This joins an earlier, though equally essential, report by Enrico Letta.
August 19, 2024
Since the beginning of the war in Ukraine, Spain has grown more than the EU, but the data offers an alternate view when, instead of comparing the aggregate performance of activity and employment, we focus on per capita growth.
August 14, 2024
Europe and the U.S. are considering how to increase the weight of manufacturing in the production structure. Since the beginning of the pandemic, fiscal plans and tariff policies have been announced to boost or protect certain sectors.
July 29, 2024
Since 2013, labor productivity in the construction sector, measured as GVA per hour worked in real terms, has fallen by more than 20%. In comparison, the growth in the same indicator for all sectors is 5%.
July 5, 2024
Reducing the work week is laudable, but how we go about it is key to achieving the desired effects. Collective bargaining is the ideal instrument to adapt the needs of companies and workers to each business and sectoral reality, in an effective and flexible manner.
June 21, 2024
The Colombian economy is cycling towards recovery, with projections of moderate growth. Increasing investment and improving infrastructure are needed to accelerate the pace. Seizing local and external opportunities is crucial. Public-private collaboration is key to achieving economic goals.
