Tourism in the south of Gran Canaria is preparing to face the winter season with stable sales and knowing that a good part of its clients are long-stay visitors, at least in San Agustín and Playa del Inglés.
Finland's eurozone economy remains weak, the Nordic country's central bank said in September, making minor adjustments to its forecasts.
Gross domestic product will likely contract by 0,5% this year, in line with an earlier projection in June, the Bank of Finland said in an emailed statement to Maspalomas24H. It forecast growth of 1,1% for next year, before expansion accelerates to 1,8% in 2026.
The Swedes? Inflation, growth, unemployment and interest rates are returning to more normal levels. This is one of the conclusions of the latest edition of the Nordic Outlook.
The Swedish economy has performed well during the first half of 2024. As before, private households and the housing market are the weak points. However, Swedish households can look forward to both lower interest rates and lower income taxes, which are expected to give a significant boost to real wages. However, it is not known whether this boost will be enough to offset the significant decline in real wages in recent years.
After years in which abnormal was the new normal, economies now appear to be moving toward more normal conditions.
The coronavirus crisis was followed by an inflation crisis with corresponding significant increases in interest rates, creating uncertainty and difficult conditions for growth.
But according to the latest edition of the Nordic Outlook, we are now moving towards more normal economic indicators. Inflation is being brought under control, there are prospects for interest rate cuts and this also lays the foundation for more stable growth in the Nordic countries.
Inflation has come down from its peaks in both the US and the euro area, and we are now also seeing wage pressures becoming less significant in the euro area. This paves the way for central banks to start gradually cutting rates.
