it is a book very much focused on the Spanish economy and the lack of reforms or others that have remained to be done. In my opinion, this puts some clouds on the horizon and is changing the economic outlook. So, what can we expect next year in the economic? I believe that next year there will be a clear economic slowdown. This is what all the studies indicate, questions to whom you ask. If there is no earthquake or boom, in 2019 Travel Brochure Template we could move in a growth range between 1.5% and 2%. In any case, the problem will begin in 2020 and I do not rule out a new recession: the government’s fiscal and economic policy is very wrong, with an exorbitant increase in public spending.
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Anyway, in the book he is very critical of Pedro Sánchez: Have the months since his accession to power confirmed his fears? I feared it, as he says. In the critical book some of its proposals from its beginnings, when it was seen where things were going to go and some were so absurd that they did not square with reality.
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For example, the tax increases or play with the savings of public accounts that is still a serious problem. All this corroborates the idea that there are quite similarities with what happened between 2007 and 2008. Then we also had a minister of economics who seemed serious and who, like the current one, goes to Brussels to calm down.
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The policy of then and now is very similar: No concern for debt, since monetary policy allows an increase in debt without problems. I worry Sanchez. What other “clouds” peek on the horizon?
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Trump worries me that it is very dangerous for the United States, although if we look back – to the 30s of the last century when there was another great crisis – the “American First” is nothing new.
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On the other hand, commercial wars are not easily won, they are not fun or light, and they can be catastrophic: you have to be careful and responsible. In my opinion, behind these movements there are lobbies that push towards partial protection. For example, tariffs are always presented as a national solution but in reality they are the desire to support a particular group.
Then there have been some accounts in which the income is really optimistic and nobody believes. The economic context has changed and we are already in a global Travel Brochure Template slowdown, accentuated in the Spanish case. In this sense, policies similar to those of 2007 are being made and to continue like this in 2020 we will be in recession again.