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The economy has taken a drastic turn. Global trade has shifted from expansion to contraction, particularly in the industrial manufacturing sector.
The trade tensions promoted by the Trump Administration are expected to continue in 2020, which is an election year in the United States. The Chinese economy is showing a worrying rise in default on private debt. At the moment, the emerging economies are nothing to write home about. And the European Union will have to manage the consequences of Brexit.
Economic activity – that is, consumption and exports – is expected to slow down in Spain and Europe as a whole. Fiscal policy is fraught and the monetary policy of the European Central Bank continues to involve negative interest rates. In Spain, political uncertainty involving the central government and Catalonia has delayed necessary reforms for productivity and social cohesion (energy prices, labour market, sustainability of pensions, etc.).
The Esade Alumni Finance Club is pleased to invite you to an upcoming session led by F. Xavier Mena, Professor of Economics at Ramon Llull University and Esade, who will help us understand the economic and financial outlook for 2020.
We hope to see you there!
Members may bring one guest.
For more information:
Perspectivas Económicas 2020 - Xavier Mena