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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Aug 03 2015

Optimism About Spain Mounts, but What About Jobs?

The prevailing wisdom is that the Spanish economic recovery is gaining momentum, even though the labor market remains extremely weak. Indeed, the Spanish government has recently revised up its overall economic growth forecast for 2015, while the IMF also chimed in, suggesting that the Spanish recovery “has gathered speed.”

Yet, even though the economy has performed relatively well of late, more than one in five Spaniards in the labor force remain out of work. In that context, our latest Europe research focuses on prospects for Spanish employment growth. With the government expecting over 600,000 jobs to be created this year, our findings shed light on the likelihood of this occurring, and provide unique insights into the job growth outlook.

Related News & Events

New Business and Growth Rate Cycle Dates Determined, Including the U.S., Japan and Germany

ECRI July 20, 2015

New cycle dates for the U.S., Japan, Germany, Brazil, Switzerland, Austria, Taiwan, New Zealand and South Africa. More

 

Recoveries Remain Resilient

ECRI July 15, 2015

The big developed economies — especially in Europe — are not yet vulnerable to recessionary shocks. More

 

Low Trend Growth, Productivity Hopes, and the Outlook

Bloomberg July 1, 2015

How long-term growth trends in productivity and hours worked help explain the long-term decline in trend growth ECRI first identified in 2008, pre-Lehman. More

 

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