EFE Economic Day topics for Friday, January 19, 2024

Davos Forum

Davos (Switzerland) – European Central Bank (ECB) President Christine Lagarde and German Finance Minister Christian Lindner will take part in a session on global economic perspectives that traditionally wraps up the World Economic Forum in Switzerland. Davos.

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Tourism situation

MADRID – Ahead of the most ambitious edition of the Fitur starting next week, Industry and Tourism Minister Jordi Hireu is counting on the scale of the recovery of the tourism sector, which contributes so much to Spain's economy. 2020 finally recovered from the shutdown caused by the pandemic outbreak.

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Housing Linkage

MADRID – The National Institute of Statistics (INE) releases data on home purchases and sales for November, after the indicator pared its fall to 11.1% in October, ending a streak of nine negative months.

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Short markets

MADRID – Spain's stock market could close this Friday with its worst week in three months, down around 2%, due to lower market expectations of an imminent cut in interest rates and confirmation of a rebound in inflation.

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Information agenda

9:00 am- Madrid.- BUSINESS TRUST.- INE publishes the Business Confidence Index corresponding to the first quarter of 2024. (Text)

09:00h.- Madrid.- Housing CURRENT.- The National Institute of Statistics (INE) publishes data on housing sales related to November 2023. (Text) (Infographic)

11:00 am- Madrid.- Tourism situation.- Jordi Hireu, Minister of Industry and Tourism, gives a forecast of the evolution of the tourism sector in the first months of 2024 and the Ministry's participation in the Bittur Tourism Fair. Next place starting on 24th January. Ministry of Industry and Tourism. Access via Paseo de la Castellana, 160. (text) (photo) (video)

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12:00h.- Madrid.- Union Employment.- Closing of the UGT's 'Future of Employment, Employment with the Future' conference, with the participation of Yolanda Díaz, Second Vice-President of the Government and Minister of Labor, and Pepe Alvarez, General Secretary of the UGT. UGT Assembly Hall. Avenida de America, 25. (text) (photo) (video)

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International

Europe

11:00 am- Davos.- DAVOS FORUM.- ECB President Christine Lagarde and International Monetary Fund Managing Director Kristalina Georgieva participate in a discussion on global economic perspectives at the Davos Forum. (Text)

13:00h.- Vienna.- FARMERS PROTEST.- Supported by the far-right party FPÖ, hundreds of Austrian farmers plan to occupy the center of Vienna today with their trucks and tractors in a demonstration under the slogan “Farmers not workers”. The conservative-environmentalist protested alleged mistreatment by the government.

Berlin.- Germany Agriculture.- Grüne Woche, one of the world's largest food and agricultural fairs, takes place in Berlin between January 19 and 28.

America

13:00.- Rio de Janeiro.- Brazil GDP.- The Central Bank publishes the results of Brazil's Economic Activity Index (IPC-PR) in November 2023, which is considered a preview of the behavior of GDP. (Text)

15:30h.- Sao Paulo.- BRAZIL AUTOMOBILE.- President of Stellandis for South America, Emanuele Cappellano, announces the acquisition of “an automotive service company” at a press conference in the city of Campinas (Brazil). (Text)

16:00h.- Quito.- LATIN AMERICA ENERGY.- The Latin American Energy Organization (Olade) hosts a debate on Energy Panorama 2023, a unique platform where the challenges and opportunities facing the region in terms of energy are discussed. (Text)

Asia

00:50h.- Tokyo.- Japan Inflation.- The Japanese government publishes the Consumer Price Index (CPI) data for the end of 2023. (Text) (Infographic)

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