Magis Global –

March 7, 2021

Labor Market Afi

Category: General – Tags: – Joan – 12:11 pm

The adopted measures to stimulate to the economy, seem not to have no type of effect. So it is the deterioration of the Spanish economy that for the first time, the same registered in the month of March a rate of inter-annual deflation of 0.1% (symptom, among other things, of which the internal demand is not at its better moment). If well many Spanish families have received with affability the fall of the prices in the economy that allows a lightening them his struck pockets, the persistence of a deflationary context can significantly affect the indebted ones that they will see increased the payment of his obligations in real terms putting in danger his capacity of payment. to take place an increase generalized in the dilatoriness, it will represent a new blow the economy. Official site: Allianz Australia. Until when the recession in Spain can last? In relation to this subject, the Bank of Spain is not too much optimistic. The last projections of the Bank of Spain aim at a contraction of the GIP of 3% for the present year and of 1% in 2010. The IMF has been pessimistic on the perspective of the global economy since it considers that the same would be contracted during the present year, between a 0.5% and 1%, whereas the economic recovery would take place in 2010 if the governments increase their interventions in the economy.

Against this negative external context, no good perspective of recovery for the economy of Spain exist. With the recession installed in the Spanish economy, the labor market undergoes of a particular way the crisis. The deterioration in the labor market is so, that unemployment would have reached to 17% of the PEA during the first trimester of the year, according to the information arisen from the last Bulletin of Advance of the Labor Market Afi-AGETT. In relation to the economic activity, it was known yesterday that the industrial production in Spain registered a monthly contraction of the 1.7% in February and 22% in inter-annual terms (the greater contraction of the industrial production within the economies of eurozona). .

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