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14 Sep
OCDE economy Covid19

OCDE: More can be done to ensure a green recovery from COVID-19 crisis

OCDE: Many countries are making “green” recovery measures a central part of stimulus packages to drive sustainable, inclusive, resilient economic growth and improve well-being in the wake of the COVID-19 crisis. However some countries are also implementing measures that risk having a negative environmental impact and locking in unsustainable growth, according to new OECD analysis […]

30 Jul
employment in Spain Covid19

Spain: Impact of COVID-19 on economy leaves more than 1 million people without a job in second quarter

Spain: The impact of COVID-19 and the restrictive measures adopted to contain the pandemic meant that the number of people in work in the second quarter of the year fell by 1,074,000, down 5.46%, to stand at 18,607,200. This figures have been released by the Labour Force Survey (Spanish acronym. EPA), published by the National […]

27 Jul
GDP Covid-19 impact

Covid-19: Government debt up to 86.3% of GDP in euro area

At the end of the first quarter of 2020, the quarter in which COVID-19 containment measures began to be widely introduced by Member States, the government debt to GDP ratio in the euro area stood at 86.3%, compared with 84.1% at the end of the fourth quarter of 2019. In the EU, the ratio increased […]

23 Jul
Europe post Covid19

Covid-19: Council agrees its position on an instrument to support implementation of reforms

As part of its measures to foster the recovery from the COVID-19 crisis, the EU will support member states’ reform efforts to stimulate growth and put their economies back on track. EU ambassadors yesterday (22 July) endorsed the Council’s position on establishing a “technical support instrument”. Resilience and recovery This instrument will help member states […]

22 Jul
covid fund economy

REACT-EU: European Council agrees on its partial negotiating position (Covid-19)

The EU is providing additional funding and flexibility in the use of the structural funds to help member states’ recovery efforts following the COVID-19 outbreak. EU ambassadors, meeting within the Committee of Permanent Representatives, today endorsed the Council’s partial position on REACT-EU, the EU initiative with the biggest impact in the short to medium term, […]

15 Jul
European Union capital markets

Spanish Government presents 2020 Progress Report on implementation of 2030 Agenda

The Spanish Government presents 2020 Progress Report on implementation of 2030 Agenda The document analyses and evaluates the policies developed over the last year to implement the 2030 Agenda in Spain and offers responses to the health, economic and social crisis stemming from the coronavirus. The government also approved measures aimed at families, vulnerable groups […]

13 Jul
EU recovery post Covid

EU recovery after Covid-19 and long-term budget: Leaders must do better

European Union (EU) recovery after Covid-19. Commenting on the draft conclusions for the 17 July EU summit, EP’s negotiators disagree with additional cuts to the long-term EU budget and urge the European Council to improve the text. Key facts President Michel’s recovery proposals come at the cost of some key priorities EU’s long-term objectives should […]

06 Jul
Spanish agreement and employment Covid-19

Spain: Government and social stakeholders sign Agreement for Economic Reactivation and Employment

Spain. The government and social stakeholders have signed the Agreement for Economic Reactivation and Employment. According to Spanish Government, it is a new agreement that lays the foundations to speed up the economic recovery and create quality jobs following the crisis caused by COVID-19. This agreement comes from a vocation to achieve sound, inclusive and […]

25 Jun
IMF Economy Covid19

IMF: Global growth is projected at –4.9 percent in 2020 due to Covid-19

IMF: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. In 2021 […]

24 Jun
eurostat covid-19 economy

COVID-19: European Council adopts exceptional rules to facilitate bank lending in the EU

Covid-19: The EU is temporarily adapting banking rules in order to maximise the capacity of banks to lend money and support households and businesses to recover from the COVID-19 crisis. The banking package adopted today provides targeted and exceptional legislative changes to the capital requirements regulation (CRR 2). These changes will allow credit institutions to […]

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Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.

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