2024 will continue to be tough financially for Mallorca families
Pay has nowhere near kept pace with prices, but as the same time there has been too much unnecessary spending.
Tourism season facing new uncertainty from the banking crisis
Increased risk of recession could negatively impact tourism and economic growth forecasts.
Tourism gives the Balearics the highest density of businesses in Spain
Since the turn of the century, the Balearics have typically always had the highest density.
New record budget for the Balearics in 2023
An increase in spending of 15% next year.
Mallorca anxieties despite record September employment
The government is upbeat; the employers far less so.
Low salaries, high cost of living - the Balearics paradox
It all comes down to an economic model in the Balearics that needs to change.
No reductions in income tax in the Balearics
The Balearic government prefers a system of direct aid.
Balearic government ministers with business and union leaders
Meeting of the social dialogue table on Monday.
Balearic government prepares "social shield" for the winter
The main concerns are for the first two quarters of 2023.
Balearic economy: "Slowdown does not mean recession"
The government is highlighting the current situation of "full employment and economic growth".
Balearic economy slowed down in July
Will a combination of the end of the tourism season and inflation have a greater negative impact than expected?
"It is essential that the GDP weight of tourism decreases"
Celestí Alomar was the tourism minister who introduced the ecotax in 2002.
Bank warning of deep economic crisis
Risk of increased social inequality in Mallorca and the Balearics.
Balearics will be "one of the engines" for economic recovery
Spain's first deputy prime minister praised the Balearic government's management of European funds.
Balearics employers president - "Full recovery not until 2024"
The Balearic government could sometimes be "more pro-business".
"Serious repercussions" of Ukraine war for the Balearic economy
One fear is a rise in air fares.
Balearic concerns about economic impact of war in Ukraine
One view is that Mallorca's tourism could benefit from the conflict.
Armengol - there must be diversification of the economy
Proud of Balearics tourism leadership, but there has to be diversification.
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Major security alert at Mallorca airport, surprise landing of flights from Morocco and Namibia
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Living in a motorhome in Palma: "It'll only get worse"
Comment
Comment: The economy
“A higher minimum wage but a higher tax bill...difficult balancing act...”
Reuters24/02/2022 10:04