@Mapfre<\/a><\/p>\n[\/et_pb_blurb][et_pb_divider show_divider=\"off\" _builder_version=\"4.9.4\" background_color=\"#D81E04\" width=\"107px\" max_height=\"5px\" custom_margin=\"20px||20px||true|false\" custom_padding=\"||||false|false\" locked=\"off\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][\/et_pb_divider][\/et_pb_column][et_pb_column type=\"3_4\" _builder_version=\"4.9.4\" _module_preset=\"default\" global_colors_info=\"{}\" theme_builder_area=\"post_content\"][et_pb_text admin_label=\"Content\" _builder_version=\"4.14.7\" _module_preset=\"default\" text_font=\"Open Sans||||||||\" text_text_color=\"#2D373D\" text_orientation=\"justified\" hover_enabled=\"0\" global_colors_info=\"{}\" theme_builder_area=\"post_content\" sticky_enabled=\"0\"]<\/p>\n
Echoing the famous statement that Draghi made during the 2012 financial crisis, where he announced that the European Central Bank would do everything in its power \u201cto save the euro,\u201d Christine Lagarde has taken over at a time that won't be easy for the European economy. This time the speech took place in Sintra instead of London, where she confirmed that the ECB would take any measures necessary to keep expected inflation at 2%<\/strong>; that is, tackling the body's main objective.<\/span><\/p>\nThis certainly won\u2019t be an easy task as things currently stand, at least in Spain, where inflation has shot up to 10.2%<\/strong>, up 1.8% from the previous month (the highest figure since 1985). Skyrocketing prices have ignited some fears over what may happen in the short and long term. None of this is good news in the eyes of Alberto Matell\u00e1n, head economist at MAPFRE Inversi\u00f3n, though he does recognize that analysts predicted much of what is happening: \u201cThis inflation is higher than expected, but we've already been saying for weeks that it would plateau, so it's within the range that we predicted.\u201d<\/span><\/p>\nAs a result, he anticipates that these figures will diminish disposable income even further, make it difficult to maintain business margins, and distort economic policies. Solutions to these problems won\u2019t be found in the short term, unfortunately, and even though Ismael Garc\u00eda Puente, investment manager at MAPFRE Gesti\u00f3n Patrimonial, has explained that \u201cthe central banks have the necessary tools\u201d to ride out the worst possible scenarios, monetary policy decisions that are approved by central banks to combat rising prices \u201chave long-term effects.\u201d<\/strong><\/span><\/p>\nThus, experts are already forecasting that the negative trends seen in the first half of the year will continue in the second half<\/strong>: \u201cThere are several issues at stake here: high inflation coinciding with slower growth rates and higher interest rates as well,\u201d explained Matell\u00e1n. He agrees that this may seem like a messy cocktail, but there is a slight advantage to it. \u201cIf prices stabilize, it\u2019s possible that we\u2019ll see the central banks start to moderate their messages.\u201d<\/span><\/p>\nIs the economy in a slump?<\/strong><\/h2>\nMessages conveying efforts to control the inflation that has been triggered by the supply crisis stemming from the energy sector and rising raw material prices, are coming at a moment where markets are starting to breathe easier, at least for now, after spending several consecutive weeks in the red. Downward trends that are arriving on the market scene, together with poor macroeconomic figures could, as many have mentioned in the past few weeks, nudge us towards an eventual recession, but Garc\u00eda Puente dismisses this notion for now: \u201cIt's true that we're scared because we're associating all of this with the crisis, but that's not what\u2019s happening.\u201d He does recognize, however, that growth has lessened, which is something that had already been forecasted. As he explains, all these signals may point to \u201ca slump, but not an apocalyptic scenario<\/strong>.\u201d<\/span><\/p>\nForecasts for the main indexes are moving in the same direction as growth expectations, which will probably leave investors uneasy for some time to come. Acknowledging this, Matell\u00e1n points out that how we feel about the market can change before economic indicators do: \u201cWe may see investors\u2019 moods expressed in the fall before central banks release any messages.\u201d<\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
Echoing the famous statement that Draghi made during the 2012 financial crisis, where he announced that the European Central Bank would do everything in its power \u201cto save the euro,\u201d Christine Lagarde has taken over at a time that won't be easy for the European economy.<\/p>\n","protected":false},"author":13,"featured_media":451318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[33],"tags":[],"class_list":["post-451357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analisis-de-mercados"],"yoast_head":"\n
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