The data from recent quarters show growing evidence of two major phenomena: the slowdown in the trade of goods, but not in services, and the growing fragmentation of global trade and production. At the epicentre of it all is China, with its increasingly key role in global…

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…

The wealth of Portuguese households has increased in recent years and the distribution by level of wealth or employment status shows little difference with respect to the euro area. However, the proportion of liabilities that are borne by the less wealthy half of the…

In this first article in a series of two, we review the recent trends in capital investment in Spain and make a comparison with the rest of the euro area. In a second article in this same Monthly Report, we investigate the incentives for investing, based on an analysis of…

In our previous article dedicated to analysing the evolution of investment in Spain, we focused on describing the pattern of investment by type of asset and by sector, and on comparing it with the euro area. In this second article, we want to focus on incentives for…