Inflation

The Bank of Spain will revise downwards the growth forecast for 2023 | Economy

The governor of the Bank of Spain, Pablo Hern├índez de Cos, has advanced this Monday that the entity will revise economic growth downwards for 2023 and will raise its average annual inflation forecast until 2024 in the next update of its macroeconomic projections that will be published at the beginning October. During his speech at …

The Bank of Spain will revise downwards the growth forecast for 2023 | Economy Read More »

The BdE will cut its forecast for GDP in 2023 and will revise inflation upwards

Red alert from the Bank of Spain. your governor, Pablo Hernandez de Koshas anticipated this Monday that the agency plans to revise its estimates downwards on economic growth in 2023 and upward forecasts on inflation for the years 2022, 2023 and 2024, in line with those made for the euro area. During his speech this …

The BdE will cut its forecast for GDP in 2023 and will revise inflation upwards Read More »

Lagarde considers “essential” that aid to offset the impact of inflation be “temporary and targeted”

The head of the European Central Bank reiterates that inflation may be above 2% for an extended period of time He warns that the ECB expects economic activity to slow down “substantially” in the coming quarters He acknowledges that wage growth is contained, but assures that it can accelerate in the coming months due to …

Lagarde considers “essential” that aid to offset the impact of inflation be “temporary and targeted” Read More »

The ECB sees it as essential that aid to combat inflation be temporary

Christine Lagardepresident of European Central Bank (ECB), considers that it is “essential” that the aid approved by the governments of the eurozone to help households to counteract the high inflation be “temporary and directed”. In turn, the head of the issuer of the euro acknowledged on Monday that the depreciation of the euro “has contributed …

The ECB sees it as essential that aid to combat inflation be temporary Read More »

More and more Spaniards survive on credit on a daily basis

Inflation closed August still above two digits (10.4%), strangling the pockets of many households after a year in which prices have not stopped growing. With the main organisms predicting a prolonged period of high inflation, more and more Spaniards draw on credit to survive on a daily basis. A good example is bank card applications. …

More and more Spaniards survive on credit on a daily basis Read More »

The euro zone registers record levels of inflation in August, rising to 9.1% | Economy

Inflation is becoming one of the biggest problems in the economy, not only in Spain, but in all European countries. This Friday the European statistics office, Eurostat, returned to give a new twist to the concern. that exists around economic evolution. Inflation in August registered a record level in the euro zone, reaching 9.1% year-on-year …

The euro zone registers record levels of inflation in August, rising to 9.1% | Economy Read More »

The euro zone registers record levels of inflation in August, rising to 9.1% | Economy

Inflation is becoming one of the biggest problems in the economy, not only in Spain, but in all European countries. This Friday the European statistics office, Eurostat, returned to give a new twist to the concern. that exists around economic evolution. Inflation in August registered a record level in the euro zone, reaching 9.1% year-on-year …

The euro zone registers record levels of inflation in August, rising to 9.1% | Economy Read More »

Eurozone inflation hits a record 9.1% in August

The year-on-year rate of euro zone inflation reached in the month of August a record figure of 9.1%which represents an increase of two tenths compared to the figure for July (8.9%), and confirms the first estimate of the data published on August 31, according to Eurostat reported this Fridaythe community statistical office. The main driver …

Eurozone inflation hits a record 9.1% in August Read More »

Agencies: positive expectations despite economic uncertainty

National travel agencies trust in a positive evolution of the tourism sector in the coming months, despite the economic uncertainty generated by the high inflation suffered by the Spanish economy, according to the Economic Confidence Index (ICETUR) made by the National Outbound Tourism Observatory (ObservaTUR). “The expectations expressed by the professionals of this channel for …

Agencies: positive expectations despite economic uncertainty Read More »