Within a more encouraging international scenario, the Spanish economic growth has outperformed the most optimistic forecasts throughout 2017. In Equipo Económico we estimate that the Spanish economy will continue growing vigorously, at a 3.3% GDP. The momentum created during this year will sustain the growth rate throughout 2018, maintaining it near a 3% GDP. We therefore estimate a growth of 2.8% GDP for the coming year.
The distribution of the profits obtained is consubstantial to partnership agreement. However, this periodic natural ending of previous pooling of goods and services in the company, is seriously altered by its correspondent taxation.
The debate over construction of the Euro and Economic and Monetary Union is once again extremely topical. We must look find the reason for this renewed interest from among the most important threats to the European common project: Brexit and the twist in US foreign policy. The result of the French elections means this may be the time to move forward; and also for Spain to join the hard core that seeks a response to the most important issues for the future of Europe.
"The dead you kill are in good health". Before starting writing these lines, I wanted to be sure of the origin of this well-known phrase, which I remembered having heard in a performance of "The Revenge of Don Mendo", back in my distant school days. I never did, since I have found attributions of this phrase or similar that arrive at the beginning of XVIIth Century. Two centuries later, John Stuart Mill and other economists delved into topics that are again and again, such as theories of sacrifice and tax escalation, single tax versus multiple taxes, and saving's double taxation. These subjects, despite of being given repeatedly by dead and finished, once again enjoy good health again and again.
This Sunday, the French will vote in round 1 of the presidential elections. The anti-European proposals of most candidates are of concern to global economic players, as revealed by the slight rebound in the French public debt risk premium. Macroeconomic indicators do not appear to justify the social unrest suggested by the major strength of the intention to vote for extreme political options. Against this backdrop, the EU once again holds its breath because without France there is no Europe.