The economy is fundamentally sound but inhibiting factors have contributed to a substandard recovery. While sustained strong productivity gains have lifted profits and real wages, consumer spending has grown only modestly, businesses are maintaining low inventories and have been hesitant to...

Una vez superada la etapa más aguda de la crisis del Covid-19, que ha supuesto una respuesta inmediata y contundente de la política económica, el gobernador plantea las medidas económicas prioritarias en la fase siguiente a la hibernación y la puesta en marcha, de manera urgente, de una...

The COVID-19 crisis has elicited an immediate and forceful economic policy response. With the height of the crisis behind us, the Governor has set out priority economic measures for the post-lockdown phase. He calls for the urgent launch of an ambitious, comprehensive, permanent and assessable...

Event: Presentation of the Annual Report 2021. Organized by: Banco de España