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Dossier
The current internationcal economic environment and the current economic environment in Spain
China is facing a particularly challenging economic environment. The combination of a housing crisis and slowing global demand – two major drivers of China’s growth in recent decades – has been joined by a third force, which over the last two years has been shown to have significant potential to distort the economy: the zero-COVID policy.
Portugal’s growth in the first quarter of the year fell short of expectations, shrinking 0.5% quarter-on-quarter according to the preliminary estimate of Portugal’s National Statistics Institute.
September saw Q3 end with widespread gains in the financial markets. The cuts by central banks have prolonged the falls in money market rates and global stock markets have enjoyed a rally.
Increasing productivity growth is one of the major challenges that Europe faces. As stated in the introductory article of this Dossier, «Europe’s moment: it is time to bolster our competitiveness», it is urgent to update the productive fabric of Europe’s economy. Rapid technological change allows this. Moreover, the global context, which is increasingly competitive and with a growing distrust of multilateral institutions, makes it imperative.
Is the Trump administration’s strategic shift compatible with the United States’ role as a guarantor of the international economic equilibrium?