Economics & Markets

The Spanish economy performed better than expected in the first half of the year, but a slight moderation is anticipated in the second half.

The CBO’s report published in June reveals that, in the absence of any substantial changes in fiscal policy, the US’ public accounts are set to deteriorate significantly over the coming decade: by 2034 the deficit would represent 7% of GDP, well above the historical level of 3.7%, while public debt would continue to climb to new highs, reaching 122% of GDP.