On the eve of Black Friday, we analyse online consumption in Spain by sector and age group using anonymised internal CaixaBank data.
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Why is it so difficult to carry out reforms? Why, if structural reforms tend to improve the future prospects for the majority of the population, is it so difficult to adopt them? The difficulty lies precisely in two of the aforementioned words, future and majority.
Since the outbreak of the COVID-19 pandemic, American households have been much more pessimistic than one would expect given the current state of the US economy. Why is this? Is the same thing happening in Europe?
The COVID-19 outbreak has brought about a paradigm shift in many aspects of the economy, including consumer habits and, specifically, e-commerce in the retail sector. How have businesses that were already selling online pre-pandemic and the new entrants to this sales channel contributed to the growth in e-commerce?
COVID-19 is causing a sharp increase in public debt. This may raise concerns but its sustainability is not in question: the ECB's monetary policy, perpetually low interest rates and longer maturities are supporting Europe's economies and alleviating the financial burden.
Global supply chains have been shaken once again following the joint US and Israeli attack on Iran and the subsequent spread of the conflict to other countries in the Middle East. Subject to uncertainty over the shock’s severity and duration, this episode is shaping up to be the greatest disruption to international trade since COVID-19.
The COVID-19 crisis would have led to a sharp increase in inequality if the actions taken by the public sector had not cushioned it to some extent. The high levels of inequality recorded during the peak of the crisis are gradually decreasing thanks to the recovery in business.
NGEU represents an extraordinary opportunity to give the Spanish economy a new modernising boost, but effective institutional mechanisms will be essential in order to make the most of it.
Some people are already warning of the risks of the US economy overheating as a result of the $1.9 trillion stimulus bill, an idea that is beginning to permeate the financial markets, with strong rallies at the long end of the yield curve.
The package will be useful in supporting those businesses and self-employed people that have been hardest hit by the pandemic. However, the aid must reach them quickly as it is precisely now, before the economy recovers, when our productive fabric needs a boost.
The pandemic's economic impact has been considerable and widespread but it has not affected all regions equally. We analyse the impact of the different degrees of lockdown on the most vulnerable groups and the role played by the public sector in alleviating this.
Presenting realtimeeconomics.caixabankresearch.com, a new website where you can track the developments in equality in Spain in real time.
The coronavirus outbreak has made remote work popular and fuelled debate regarding its impact on society and our way of life. However, the concept of working from home is not new; in fact, it was the norm for a large number of workers until well into the 19th century.
Emerging economies will experience a clear recovery in growth in 2021 and 2022. According to our latest projections, this decline will give way to growth of 4.8% in 2021 and of 3.8% in 2022. But the real key for the emerging world right now is not the recovery itself, but how unequal it is going to be.