Madrid 2,216 EUR -0,02 (-1,07 %)
Madrid 2,216 EUR -0,02 (-1,07 %)

ECONOMY | 07.16.2020

Coronavirus: financial analysis XVIII

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Biden to pick a female running mate this summer

Joe Biden has built a formidable lead over President Trump in both national polls and key states in the election battle. According to Gonzalo de Cadenas-Santiago, Director of Macroeconomics and Financial Analysis at MAPFRE Economics, the key moment will come this summer, when Biden picks his female running mate, which he has already committed to doing.

MAPFRE Economics predicts a fall in global GDP of between 4.9 percent and 5.7 percent but detects signs of revival in the major economies

MAPFRE Economics is anticipating a gloomier scenario for the world economy than three months ago, although it also welcomes signs of revival in the major economies, particularly in China. This is outlined in the quarterly update to its “2020 Economic and Industry Outlook” report, published by Fundación MAPFRE.

The “U” and the Nike swoosh: two scenarios for economic recovery

Given the uncertainty caused by the pandemic, many economists are incorporating different scenarios into their macroeconomic forecasts. This is the case for MAPFRE Economics, which outlines a baseline scenario and a stressed scenario in its “2020 Economic and Industry Outlook” report. The main features are explained in this article.

COVID-19 heightens volatility on the currency market

The pandemic is having an impact on all market segments. Currencies cannot escape extreme volatility. Emerging economies are the main victims, being forced to deploy reserves to mitigate currency depreciation, right at the worst possible time.

A look at major crises and their effects on the insurance industry

In its “2020 Economic and Industry Outlook” report, MAPFRE Economics includes an analysis of the evolution of global premiums in major health and economic crises, with the aim of shedding some light on the possible effect of the COVID-19 crisis on insurance demand

“The perceived risk regarding Europe has been reduced”

Alberto Matellán, Chief Economist at MAPFRE Inversión, welcomes the change in attitude of countries like Germany and the Netherlands, which strengthens the European project. In this interview with Radio Intereconomía, he provides his perspective on future decisions to be made by the central banks, his views on the General Budgets in Spain, and his recommendations for investors over the summer.