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COVID-19

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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 […]

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, […]

20 Jul
covid19 inflation european union

Annual inflation up to 0.3% in the euro area (June 2020)

In June 2020, a month in which many COVID-19 containment measures have been gradually lifted, the euro area annual inflation rate was 0.3%, up from 0.1% in May. A year earlier, the rate was 1.3%. European Union annual inflation was 0.8% in June 2020, up from 0.6% in May. A year earlier, the rate was […]

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 […]

08 Jul
covid fund economy

OECD: Unemployment is projected to reach nearly 10% in OECD countries by the end of 2020 due to Covid-19

COVID-19 is causing activity to collapse and unemployment to soar. As the effects of the pandemic and containment measures hit OECD economies, millions of people have been unable to go to work, resulting in an exceptionally stark drop in activity and unprecedented job losses. Up to 10 times fewer hours were worked in some countries, […]

15 Jun
European Union sanctions

Covid-19: Joint statement of ministers responsible for the internal market and industry on the Recovery Plan for Europe

Covid-19: The Ministers responsible for Industry and Internal Market recognised the severe impact of the COVID-19 crisis on the EU economy, jobs and society and therefore acknowledged the need to prevent future economic shocks, restore the Single Market and strengthen Europe’s resilience. They stressed that solidarity, convergence and close cooperation between the Member States and […]

11 Jun
OECD economy perspectives covid19

OECD: Global economy faces a tightrope walk to recovery

The Covid-19 pandemic has triggered the most severe recession in nearly a century and is causing enormous damage to people’s health, jobs and well-being, according to the OECD’s latest Economic Outlook. As restrictions begin to ease, the path to economic recovery remains highly uncertain and vulnerable to a second wave of infections. Strengthening healthcare systems […]

08 Jun
Covid19

European Union: The Covid-19 pandemic is expected to have a severe impact on young people

European Union: The COVID-19 pandemic and the related negative effects on the economy and employment are expected to have a severe impact on young people, especially on those from disadvantaged backgrounds and young women and girls, thereby affecting their longer term socio-economic status. Investing by and for youth With a view to harnessing the creative […]

29 May
EU Budget

EU Budget 2021 must be an important part of the COVID-19 recovery plan

European Union: The 2021 budget priorities should be to mitigate the effects of the COVID-19 outbreak and support the recovery, building on the Green Deal and digital transformation. In the resolution by rapporteur Pierre Larrouturou (S&D, FR), adopted by the Committee on Budgets on Thursday (28 May) by 33 votes against 4, with 1 abstention, […]

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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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