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26 Nov
spanish economy bank of spain Covid19

Covid-19: Quarterly reports on the Spanish economy (Bank of Spain)

Covid-19: The Quarterly report on the Spanish economy analyses recent developments in the economy, within the international and euro area context (Bank of Spain reports). The analysis includes a series of boxes on relevant economic issues. The reports published at the end of the first and third quarters, respectively, contain an update of the macroeconomic […]

20 Nov

Covid-19: Joint Statement of the Members of the EEA Council (18 November 2020)

Covid-19: The members of the EEA Council held a video conference on 18 November 2020 at the initiative of Ms Katrin Eggenberger, Minister of Foreign Affairs of Liechtenstein. The members of the EEA Council discussed the overall functioning of the Agreement on the European Economic Area (EEA Agreement), and held an orientation debate on Europe’s […]

18 Nov
inflation eurostat

Eurostat figures: Annual inflation stable at -0.3% in the euro area (October 2020)

The euro area annual inflation rate was -0.3% in October 2020, stable compared to September. A year earlier, the rate was 0.7%. European Union annual inflation was 0.3% in October 2020, stable compared to September. A year earlier, the rate was 1.1%. These figures are published by Eurostat, the statistical office of the European Union. […]

16 Nov

Covid-19 and European Union: Over 80% of job losses affected temporary contracts

Covid-19: In the second quarter of 2020, 19.2 million people of the total EU population aged 20-64 were employed with temporary contracts compared with 21.5 million in the first quarter of 2020 and 22.2 million in the fourth quarter of 2019 (Eurostat figures). The fall in the number of temporary contracts corresponds to 80.5% of […]

13 Nov
employment

Back 10% cut in elementary workers over the last year (Eurostat)

In the second quarter of 2020, 195 million people were employed in the EU. Professionals, which encompasses people highly skilled in domains such as science and engineering, health, teaching, business and administration, information and communications technology and legal, social and cultural field, is the most common occupational group among EU workers (21% of total employment). […]

11 Nov
covid19 European Central Bank monetary policy

Covid-19. Monetary policy in a pandemic emergency (Christine Lagarde, President of the ECB)

Covid-19. Monetary policy in a pandemic emergency. Keynote speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking (today, 11 November 2020). Keynote summary Christine Lagarde speech: Let me begin by welcoming all of you to this year’s ECB Forum on Central Banking. Regrettably, we cannot be together in Sintra […]

10 Nov
business

Fall in business registrations and bankruptcies in the EU in Q2 2020

In the second quarter of 2020, the quarter when COVID-19 containment measures were already in place in all Member States, the number of registrations of new businesses saw a significant drop (Eurostat). Generally, the number of registrations of new businesses has increased in the EU since 2015 until the end of 2019, and the trend […]

05 Nov
european union

The Autumn 2020 Economic Forecast projects that the euro area economy will contract by 7.8% in 2020

The Autumn 2020 Economic Forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022. The forecast projects that the EU economy will contract by 7.4% in 2020 before recovering with growth of 4.1% in 2021 and 3% in 2022. Compared to the Summer […]

04 Nov

Eurogroup statement on COVID-19 developments this autumn

At the outset of yesterday’s (3 November 2020) Eurogroup meeting, members of the Eurogroup offered condolences to Austrian and French colleagues on the recent horrific attacks and reiterated that Europe will always stand together. Yesterday, the Eurogroup had a thorough discussion on the economic outlook in view of current COVID-19 developments. The Eurogroup was briefed […]

03 Nov
youth

European Council adopts a recommendation for more inclusive measures to boost youth employment

On past 30 October, the European Council adopted by unanimity a Recommendation on ‘A Bridge to Jobs – Reinforcing the Youth Guarantee’. The main aim is to better support youth employment across the EU, in particular during the COVID-19 pandemic, which is bringing back high youth unemployment rates and increasing the number of young people […]

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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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