From the agency they see that the pull of the Puppy Growth Chart in the first quarter has been able to boost activity and employment in Spain, mitigating the negative effects of the rise in the minimum wage in certain groups. “No quantitative methodology is infallible, no matter how much prestige they have, and ours is not. We do not have a crystal ball that is infallible, we try to apply our best knowledge and methodologies, “said Arce, who insisted on the” degree of uncertainty “of any forecast, especially when the Bank of Spain used the latest available disaggregated data, the of 2017 – the Continuous Sample of Labor Lives of 2018 has not yet been published. The director of the study service pointed out that if they have the data of 2019 and apply their methodology, the effect is zero, “they will publish it”.
Puppy Growth Chart
This is due to the fact that two tenths of disequilibrium linked to the provisions for the rescue of the toll roads planned at the beginning of 2018 have passed to 2019 by European methodology – therefore the deficit was finally 2.5% in 2018 and not 2%. , 7% -, in addition to a revision of nominal GDP has raised the deficit by one tenth, to which it adds that the Treasury has had to return to Telefónica 702 million for incorrectly collected minutes, which will contribute to raise another tenth the deficit this year. The only positive data is that the collection evolves, according to the Bank of Spain, “better than expected”, besides that as it grows more active
However, the deficit will be diluted more than initially estimated. For the next few years, the estimate remains at 1.8% in 2020 and 1.6% of GDP in Puppy Growth Chart 2021, in both cases two tenths less than what was predicted in March. Anyway, the whole reduction is cyclical, alerts the Bank of Spain, which does not observe a path of structural decline. Along with this, the agency believes that private consumption will continue to lose steam, which will perhaps help to raise the savings rate, now at historic lows (4.2% of disposable income). But despite the good health of the economy, the supervisor warns of political instability, at the gates of government formation. “The high degree of parliamentary fragmentation, which has been occurring for several years, introduces greater uncertainty about the future direction of economic policies and the adoption of reforms that increase the growth potential of the economy,” he warns.