Real estate crisis, demographic problems, trade tensions with the United States, concerning debt levels: multiple comparisons can be drawn between China today and 1980s Japan, sparking fears of a "Japanification" scenario for the Chinese economy. Such a scenario is characterised by a slowdown in economic activity caused by a drop in private consumption, the advent of a negative, deflation-fuelling price...

The Spanish economy is going through the final phase of the inflationary cycle that began in 2021 when global supply chains were disrupted owing to the end of the pandemic and gas prices came under pressure due to the war in Ukraine. After growth of 2.5% in 2023, we expect the Spanish economy to grow more moderately in 2024 owing to rising interest rates and the slowdown in the tourism sector, which is...