coronavirus pandemic
Mallorca coronavirus: economy of the Balearics
[ad_1] Coronavirus pandemic caused 20-year setback in Balearic economy in just 9 months and the islands are likely to be one of the hardest hit places in Europe and possibly the world. Balearic government cut forecast for gross domestic product from 28.8% to 25.4%, which means that the wealth per capita of the citizens of …
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Spain’s tourist industry celebrates a beautiful summer season | Economy and business
[ad_1] The crisis that hit the Spanish tourism industry following the coronavirus pandemic appears to be over. For more than a year, the sector – which is one of Spain’s main economic engines – has struggled for its survival, with the number of tourists visiting the country at an all-time high. But this summer is …
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Coronavirus in Spain: the coronavirus crisis reveals the poor condition of Spanish apartments | Economy and business
[ad_1] More than 1,000 hours of containment measures linked to the coronavirus were enough to confirm the urgency of improving housing conditions in Spain, especially with regard to properties over 10 years old. Many homes in Spain lack ventilation and natural light, compromising comfort and health. Balconies are rare in old and new buildings, and …
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Spanish economy: More money for regions, defense, science: the Spanish government details its expansive budget plan | Economy and business
[ad_1] Details of the draft budget that the center-left government of Pedro Sánchez presented to the Spanish parliament on Wednesday show a record public spending program for 2022 thanks in large part to an influx of European funds to mitigate the effects of the coronavirus pandemic. The leader of the Socialist Party (PSOE), who heads …
Spain’s Prime Minister Sánchez reshapes his cabinet to focus on the economy
MADRID (AP) — Spain’s prime minister reshuffled his cabinet on Saturday, forming what he called “the recovery government” following the coronavirus pandemic. Prime Minister Pedro Sánchez has led a minority coalition government formed by his Socialist Party and the anti-austerity United We Can party since January 2020. He has managed to keep it afloat during …
Boris Johnson contemplates post-COVID economy as British Tories meet
[ad_1] LONDON (AP) – British Prime Minister Boris Johnson has said he is ready to take “bold decisions” to rebuild the economy after the coronavirus pandemic like his Conservative Party meets on Sunday for its first annual conference since 2019. The Tory conference opens Sunday in the city of Manchester, in the north-west, due to …
The stars appear to be aligning for Spain’s economy after catastrophic 2020 – EURACTIV.com
[ad_1] The Spanish economy appears to be recovering faster than expected after a catastrophic 2020 marked by the coronavirus pandemic, with the latest forecasts pointing to robust growth in 2022 and 2023. Reports from EURACTIV partner EFE. On Tuesday, the Spanish Socialist Minister of Economic Affairs, Nadia Calviño, stressed that “the first quarter of 2022 …
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Improving employment figures in Spain set new records in October | Economy and business
[ad_1] The continuous improvement of the Spanish labor market gives cause for optimism. For another month – the eighth in a row – vital signs of employment show a recovery that is progressing at a steady pace. So much so that new milestones continue to arrive. In October, for example, there were 159,478 more people …
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No standing room or bathroom: inside the pod hotels in Spain | Economy and business
[ad_1] Iñaki Zabala (l) and Iker Caballero in the pod Optimi Rooms hostel in Bilbao.OSKAR GONZALEZ (OSKAR GONZALEZ) They look more like spaceships than hotels. White walls, neon lights, strange architectural shapes on the walls but above all rooms in the shape of capsules measuring two meters wide by one meter long. These are the …
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Housing: is Spain heading for a new real estate bubble? | Economy and business
There has been a rise in prices in the Spanish real estate market, but this cannot be called a bubble. Or at least not yet, according to a view widely shared by market analysts and academics. Housing will continue to become more expensive in 2022 in line with economic growth and inflation. Although the European …
German economy on the brink as inflation hits 28-year high – Eurozone on alert | World | News
According to the Federal Statistical Office, consumer prices rose by 4.5% in October compared to the same month last year. The Wiesbaden authority last measured an inflation rate of 4.5% in 1993. In September, inflation had already passed the 4% mark to 4.1%. Compared to September, consumer prices increased by 0.5% in October. Imported goods …
Black mortgage applicants are denied 84% more often than white applicants
Photo: firecrackers (Shutterstock) The mortgage rejection rate for black applicants is 84% higher than for white applicants, according to data from Zillow in 2020, the largest year for which data was available. This is an increase from 2019, when the refusal rate was 74% higher. Are we surprised? No, but it’s still frustrating as can …
Japan’s economy contracts on lower consumption and exports
[ad_1] Yuri Kageyama, The Associated Press Posted Sunday, November 14, 2021 at 8:28 PM EST TOKYO (AP) – Japan’s economy contracted at an annual rate of 3% in the July-September quarter, as private consumption and auto production suffered from efforts to curb the coronavirus pandemic. Japan’s gross domestic product, which measures the value of a …
Spanish Prime Minister Sánchez reshapes his cabinet to focus on the economy
[ad_1] MADRID (AP) – Spain’s prime minister reshuffled his cabinet on Saturday, forming what he called “the government of recovery” in the wake of the coronavirus pandemic. Prime Minister Pedro Sánchez has led a minority coalition government formed by his Socialist Party and the anti-austerity United We Can party since January 2020. He managed to …
The “potato crisis” at the heart of the implosion of the Algerian economy
Algeria faces a multifaceted crisis, one of the most serious since the North African country’s independence in 1962. Seething social and economic unrest has combined with lingering political grievances that began with the uprising of the Hirak of 2019 which called for the end of the decades. long reign of Abdelaziz Bouteflika. But today, the …
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Spain records largest monthly drop in unemployment on record | Economy and business
[ad_1] Construction workers in Bilbao.EFE The Spanish labor market continues to show signs that it is recovering from the devastating impact of the coronavirus crisis. The average number of workers affiliated with Spain’s social security system, seen as a sign of job creation, rose to 19,591,728 in July, the highest figure on record. The last …
Kim Jong-un says North Korea will focus on economy, food and Covid in 2022
People watch a newscast showing a photo of North Korean leader Kim Jong-un attending a plenary meeting of the Central Committee of the Workers’ Party of Korea on January 1 (AFP via Getty Images) North Korean leader Kim Jong-un listed his government’s main goals for 2022, including a strong focus on domestic issues such as …
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Coronavirus crisis: Spain’s economy is expected to rebound to pre-pandemic levels in 2022 | Economy and business
[ad_1] The Minister of Finance MarÃa Jesús Montero.Europe Press The Spanish government on Tuesday confirmed its forecast for economic growth for this and next year, based on the pace of the recovery after most coronavirus-related mobility restrictions ended and the good pace of the vaccination campaign against the virus. Covid-19. The Cabinet said gross domestic …
Democrats call for resolution to tackle climate change, sluggish economy and racial injustice
[ad_1] Democrats are presenting a new resolution outlining an economic vision they hope to fight climate change while fighting racial injustice. The THRIVE Act, short for Transform, Heal, and Renew by Investing in a Vibrant Economy, echoes many of the principles set out in the Green New Deal, calling for strong labor protections and access …
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European economy: playing defense in EU trade policy | Opinion
[ad_1] Maravillas Delgado Italy in the 1982 FIFA World Cup, Greece in the 2004 European Championship, Leicester City winning the Premier League in 2016 and Atlético de Madrid winning the Spanish La Liga soccer championship this year. All these teams have one concept in common: catenaccio. This defensive tactical system in football, based on the …
French economy boosts Macron with fastest growth in 52 years
France has moved away from its European neighbors with 7% growth in 2021, the country’s fastest expansion in 52 years, as it rebounded above pre-pandemic output levels thanks to higher consumer spending. The strength of France’s recovery from the coronavirus pandemic, which dragged the country into a record post-war recession in 2020, is good news …
Spanish Prime Minister Sánchez reshapes his cabinet to focus on the economy | world news
MADRID (AP) — Spain’s prime minister reshuffled his cabinet on Saturday, forming what he called “the recovery government” following the coronavirus pandemic. Prime Minister Pedro Sánchez has led a minority coalition government formed by his Socialist Party and the anti-austerity United We Can party since January 2020. He has managed to keep it afloat during …
Spanish Prime Minister Sánchez reshapes his cabinet to focus on the economy | KWKT
[ad_1] Posted: July 10, 2021 / 8:58 AM CDT / Update: July 10, 2021 / 9:52 AM CDT FILE – In this file photo from June 22, 2021, Spain’s Prime Minister Pedro Sanchez prepares to deliver a statement at the Moncloa Palace in Madrid, Spain. Prime Minister Pedro Sanchez has reshuffled his cabinet to form …
! Murcia today – archived
[ad_1] Publication date: 23/09/2020 ARCHIVED – Spain’s economy enters recession: 17.8% GDP drop in second quarter due to Covid-19 “style =” margin: 5px 10px 5px 0px; floating: left “width =” 100% “/> This is the largest quarterly drop recorded since surveys began in 1970 and is of unprecedented magnitude The National Statistical Institute (INE) revised …
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Consumer Price Index: how rising inflation affects Spain | Economy and business
[ad_1] A supermarket in Catalonia. Prices in Spain rose 5.5% in November, according to data released on Wednesday by the National Institute of Statistics (INE). Although this is a tenth less than expected, the big picture remains the same: Inflation is at its highest level in 29 years, and it is rising faster than wages …
Families Use Child Tax Credit to Pay Off Debt, Census Bureau Says
The future of the child tax credit hangs in the balance as the Biden administration struggles to pass the Build Back Better bill, which would extend the benefit until 2022. (iStock) Expanded Child Tax Credit (CTC) payments have been a lifeline for many American families during the coronavirus pandemic. The vast majority (77%) of beneficiaries …
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Spanish economy: the number of employees in Spain exceeds 20 million for the first time since 2008 | Economy and business
[ad_1] The health of the Spanish labor market continues to recover as the effects of the coronavirus pandemic wear off. The number of employed workers increased in the third quarter of 2021 by 359,300 people to reach a total of 20,031,000. Not only is this an increase of 1.83% compared to the previous quarter, but …
WATCH: Pandemic, economic goal of governor’s 2022 plan | Featured Story
ALBANY — Governor Kathy Hochul promised Wednesday that 2022 will mark a new era for New York. She outlined plans to invest $10 billion in health care and its workforce, $100 million in tax breaks for small businesses, to replace the ethics watchdog agency State and measures to combat armed violence and illegal firearms. These …
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Spanish tourism industry worries about risk of new UK travel restrictions | Economy and business
[ad_1] A traveler at the Tenerife airport on July 26.Ramon de la Rocha (EFE) Spain’s tourism industry faces a new hurdle in its race to save the summer season, and the outcome will largely depend on decisions made in the UK, where the government is split between those who want to ease restrictions on travel …
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Tourism in Spain: the Covid-19 crisis devastates the Spanish tourism industry | Economy and business
[ad_1] The Spanish tourism industry continues to feel the impact of the coronavirus crisis. According to figures released Monday by the National Institute of Statistics (INE), only 204,926 international visitors arrived in Spain in June, a drop of 97.7% compared to the same month in 2019. This culminates the worst semester never recorded for the …
WATCH: Pandemic, economic goal of governor’s 2022 plan | Local News
ALBANY — Governor Kathy Hochul promised Wednesday that 2022 will mark a new era for New York. She outlined plans to invest $10 billion in health care and its workforce, $100 million in tax breaks for small businesses, to replace the ethics watchdog agency State and measures to combat armed violence and illegal firearms. These …