One of the consequences of the COVID-19 health crisis has been the increased awareness of the population and, by extension, that of politicians regarding the need to include sustainability criteria in economic policies in order to promote a more sustainable and resilient reactivation of the economy. The tourism industry is no stranger to these trends; firstly, because its business can be adversely affected by the consequences of climate change and, secondly, because there is ample scope for the industry to become more sustainable. This article attempts to determine what we understand by sustainability in the tourism sector, how it can be measured, the current situation of Spain’s tourism industry and where it is heading.
Search at CaixaBank Research
Search results
1967 results found for Euro digital
Tourism ended this year’s summer season in great shape with international tourist arrivals coming very close to the records set in 2019, a year that was extremely positive for the industry. Domestic tourism has also continued to post very good figures.
Léopold is an analyst in the Strategic Planning Department. He graduated from the Analysis and Policy in Economics programme at the Paris School of Economics, after studying at the universities of Panthéon-Sorbonne and Toronto. Before joining CaixaBank , Léopold had several experiences in both Europe and Latin America: he was an economic journalist at the French financial daily newspaper Les Echos and worked as an economist at the French Embassy in Buenos Aires and as an economist for Southern Europe at the Crédit Agricole Group. In Madrid, he coordinated the monitoring of macro-financial developments in Latin America, first at Telefónica and, more recently, at Mutua Madrileña, where he was also responsible for the analysis of monetary policy and the Spanish financial sector. Within the Strategic Planning team, his main areas of research include monitoring the macro-financial outlook in Spain and trends that could affect the supply and demand for financial services.
Ariadna is lead economist in the Strategic Planning Department. A Master in Economics and Finance from the Barcelona Graduate School of Economics, before joining the Banking Strategy Department, she worked with the Macroeconomics team and, before that, she worked in Frankfurt as a Research Assistant for the European Central Bank in its department of International and European Relations, International Policy Analysis Division. Her areas of study mainly include the Spanish and Portuguese banking systems, focused on business volumes.
Luís is an economist for the International Economics & Markets Department. He has a PhD in Economics from Cardiff University and a Master in International Economics and European Studies from Lisbon University. Before joining CaixaBank, he was Visiting Assistant Professor in Economics and the Public Sector at Pompeu Fabra University and a Postdoctoral Researcher at the Barcelona Graduate School of Economics and Centre for Research in Health and Economics (CRES-UPF). His areas of study include public economics and macroeconomics and particularly international fiscal policy, specialising in monitoring China and the European Uninon.
The shortage of housing supply in a context of strong demand will remain one of the main challenges of Spain’s real estate market in 2025, although it is not among the most overvalued markets in the European Union.
The Spanish economy grew by 5.0% in 2021, a large figure by historical standards but slightly below expectations, considering that GDP growth rates closer to 6.0% had been forecast at the beginning of the year. Several factors, both internal and external, have moderated the strength of this economic recovery. Among the internal factors is the somewhat slower than expected implementation of the NGEU programme, leading to a modest recovery in investment. External factors include higher energy costs and problems in global supply chains, both of which have been considerably aggravated by the war in Ukraine.
The pharmaceutical industry is a key and strategic sector for Spain’s economy, as was clearly demonstrated by the pandemic. In the past 25 years, the sector has become hugely significant and an important driver of Spanish exports and private R&D investment. Nevertheless, its production capacity still has room for improvement. The future of Spanish industry should be more closely linked to the pharmaceutical sector with a commitment to promote its growth, not only for strategic purposes but also for purely economic reasons, since it is an extremely competitive industry with a great capacity to generate good quality jobs that would help to modernise Spain’s economy.
Following a September full of announcements, the next meeting of the ECB (24 October) will be one of transition, at least in one way: 31 October 2019 will mark the end the mandate of Mario Draghi, the most charismatic president1 in the institution’s history.
In 2020, global trade in high-tech goods fell by just 1%. This resilience, combined with the increase registered in 2021, leads us to pose the following question: are we facing a change of trend in the consumption patterns of technological goods or, on the contrary, will the return to «social normality» revive the pre-pandemic patterns?
We analyse how the wealth of European households has evolved, comparing the major countries, using new experimental statistics published by the European Central Bank.
Spain included 28.4 billion euros from the Recovery and Resilience Mechanism, NGEU’s main instrument, in the 2022 General Government Budget. Have expectations been met? Are the investments and reforms being implemented as planned?
Between the end of September and the end of February, the US dollar depreciated by 6% in effective nominal terms and by 10% against the euro, trading at close to 1.07, a level not seen for almost a year. We explore what lies behind this change of trend and whether it is likely to continue.