It limits very much the possibility of operating in the face of a new crisis. The debt is high and the possibility of the Government of implementing expansionary policies when needed is greatly diminished. Labor reforms had a positive impact; they reduced unemployment a lot. But they did not solve the problem of Nursing Resume Template and long-term unemployment. In this case, active labor reforms are required. There are examples in other European countries and several international and Spanish institutions know the measures that should be implemented. In addition, another problem is the total factor productivity, which remains well below the average for the euro zone. It is necessary that the next Government increases it. The deceleration of the euro zone is not temporary but more permanent. The cycle ends and we enter a more pronounced deceleration phase. In Spain we see an increase in domestic consumption that is protecting the country, although the external sector in recent years has been very important. A European slowdown will affect Spain because it is not immune, but ten years ago it would have said that the Spanish fluctuation would have been higher. The resistance of the economy to the cycle is higher.
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A it is not a matter of a quarter; We had the German “shock” and the recession in Italy. It goes more in the long term. The next two years we will surely be in a less dynamic environment. The only positive thing, though, is that oil prices have fallen and that can help Europe and, specifically, Spain, which is an importer of energy. And it is that the ambiguity with which he acts to the president generates uncertainty in the markets, since until now Mexico was a Latin American country that had been characterized by giving stability to investment. The AMLO presidency, however, could be a turning point given that, for the time being,
Not at the moment, but deceleration yes. For Spain I do not think there will be any and Italy is another matter. And Germany? It has just overcome the technical recession … The word crisis is very strong. Safe deceleration, and we see it in the reaction of central banks like in the United States (Federal Reserve) and the European Central Bank (ECB). How do you assess the Nursing Resume Template position to continue stimulating the economy? We have to bear in mind that the mandate of the ECB is to achieve inflation of 2% and we are still far away. The impact of the monetary impulse will be less the longer it is extended because it will depend on the reforms of the governments. Monetary policy is giving time and the question is how that time is used at the national level. In the case of Spain, the main question is to which equilibrium we are going. The best time has passed.