economy

Spain saw 2010 end with 9.24% of public deficit; 4.97% corresponds to the Spanish Government, 3.39% to the autonomous communities and 0.64% to the local administrations. According to the Spanish Government, half of the autonomous communities saw the year come to an end far away from the objective of 2.4% - Catalonia included. The Catalan Government emphasised that the Spanish Government cut down the revenues of the autonomous communities.

According to the new German Chamber of Commerce Managing Director in Spain, the Central European country could promise young Catalans not only training and competitive salaries but also job stability. He also explains which are the obstacles in his view that stop German investments in Spain and Catalonia.

The figure represents approximately 40% of the Catalan Government’s deficit in 2010. Barcelona’s Chamber of Commerce maintains a growth forecast of 0.8% for the Catalan economy in 2011.

The industry sector consolidates its position as the main engine towards the recovery from the economic crisis. Despite this positive data, the 2010 GDP falls by 0.2% in comparison to 2009.

The total number of unemployed people in Catalonia is now 589,623. In Spain as a whole, registered unemployment increased by 130,930 people this January. The total number of unemployed people sets a new historical record, with 4.23 million. Traditionally, January is a bad month in terms of unemployment data due to the end of Christmas sales’ hirings.

The former president of Catalonia Jordi Pujol, the scientific Jordi Camí, the macroeconomist Jordi Galí, the entrepreneur Ferran Soriano and the architect Benedetta Tagliabue will discuss priorities for internationalising Catalonia. The panel debate will take place on Tuesday 25 January, at 19.30, at the MACBA Auditorium in Barcelona.

The Japanese company has finally chosen to manufacture the new van in a factory in the Catalan capital. The decision comes after workers agreed to a change in their labour conditions including a freeze on salaries until 2014.

Prices increased by 7 decimals last December. The monthly price increase was of tobacco and transport.

The new Minister for Business and Employment is an independent, expert in Managerial Economics and austerity measures. He was the Director of ESADE Business School’s Economics Department (1992-2000), where he was teaching until now. He has a PhD in Economics and a Bachelors degree in Law. Mena has experience in the private sector consultancy and banking, especially in the area of Tourism and Analysis, as well in international markets, particularly in emerging economies.

Mas-Colell was a professor at Berkeley and Harvard universities. Most recently, he chaired the Barcelona Graduate School of Economics and was a professor at the Universitat Pompeu Fabra. He is a specialist in microeconomics and some of his publications are world-renowned references on the subject. Mas-Colell had already been Minister of the Catalan Government between 1999 and 2003, in charge of universities. Now he will be Minister for the Economy, Budget and Universities, stressing the importance of innovation and research.

For the whole of Spain, Autonomous Communities’ public debt represents 10.2% of Spain’s GDP in the 3rd term of 2010. It is the highest it has been since 1990. However, the largest part of the public debt comes from the Spanish Government, which represents 44.1% of Spain’s GDP. Finally, public debt from local public administrations only represented 3.4% of Spain’s GDP. In total, Spain’s public debt represents 57.7% of the country’s GDP, much lower than in the UK, Germany or Ireland.

The price increase is the result of the start of the winter season, in particular regarding clothing and shoe sales.

The last monthly report by La Caixa, the main Catalan financial institution, also stresses that the currency war should end in order to avoid a protectionism escalation. It foresees a Spanish GDP growth of 0.7% for 2011.

The Japanese company rejects the candidacy of its Catalonia factory for manufacturing the new car because it is not 'competitive'. The deputy CEO of Nissan in Spain blames the unions for not accepting new labour conditions which would have accommodated Nissan's interests.

The decrease in the number of jobless has been fuelled by an improvement in the industrial and construction sectors. In Spain, unemployment has risen to more than 4 million people.