lunes, 26 de octubre de 2015

IT IS NOT CATALUNYA THE ONE THAT BELIEVES ECONOMIC UNCERTAINTY IT IS SPAIN



The political uncertainty in that Spain is sunk makes it more and more insecure of face to the foreign investments the curious of the case is that the finite government of the PP already goes saying and repeating to the Spaniards that it is Catalonia the one that Spain destabilizes but the case is that it is to the inverse one it is Spain the one that doesn't know how to tranquilize to the markets regarding how it already finished the process almost unavoidable of the segregation of Catalonia and this if it causes uncertainty in Spain. 

But the government from Madrid continues blind and it continues thinking that it is Catalonia the one that this unstable one when occurring macroeconomic tells the opposite The political uncertainty in which Spain is sunk since Artur Mas it began the sovereignty process it propitiated the exit in the managers and especially of the Government from Madrid, alerting on the impact that this could have in the reception of foreign investment and in the exchange of goods mainly in Catalonia that is the one that is causing the uncertainty according to them.  

The statistics reveal just the opposite: the received gross foreign investment broke the bear tendency of the last years and it was duplicated from the 4.921 until the 8.533 million in the first semester of 2015. The productive investment in Catalonia grows because nobody sees any economic problem in the made supposition that he wastes away a secession. The investors consider that the secessionist scenario of an independence of Spain doesn't alter the economy productive Catalan because dimensioned is perfectly and in march we remember that the unemployment in Catalonia is already in 17% five points less than the Spanish average. 

A similar process has happened in the case of the commercial exchanges. Neither the exports to other regions neither other countries have been harmed by the scenario of possible independence. You can verify this way in the last report elaborated by the Center of Economic Prediction (Ceprede) that analyzes the evolution so much from the sales to the exterior as to other autonomous communities. 

The sales to other regions climbed 1,3% in the first half of 2015, with what has been possible to break the tendency to the drop registered in the last three exercises. From the roof reached in 2011 (20.755 millions), the interregional trade had fallen with force until playing floor in 2014, in which arrived to 19.059 million Eurus. That bear tendency has been corrected in the first semester of this year until arriving to 19.320 million, what represents to return to the levels registered in 2012. 

The ranking of commercial partners from Catalonia elaborated by Ceprede reveals the importance of the economies with more geographical proximity. The most important partner is France, with 9.893,25 million Eurus, continued by the community of Aragon, with 8.581 million Eurus. Germany, located in the third position of the classification, with 6.173 million. In the fourth place it figures the Valencian Community whose purchases suppose 6.674 million a year, above the 4.630,31 of Italy. 

On the other hand, the Catalan exports to third countries 8,5% has grown until July and they have been located in historical maxima. The last upgrade of the data, made public on Thursday for the Ministry of Economy, it confirms that tendency. Between January and August 6,3% has grown in front of 4,9% of the national stocking. It is the indicator that, however, better he reveals the divergence between the fear of the managers and the reality of the commercial exchanges. In 2009, coinciding with the world financial crisis, the sales to the exterior reached their lower level of the historical series (20.706 millions) and they began a progressive escalade in the following six exercises until arriving to 31.737 million Eurus, what represents a growth of 53,2% in those six years. 

Why has this situation taken place? The reason is the specialization of the Catalan economy in the three sectors that more weight has in the sales to third countries (chemical, team goods and auto motion). The last data of the Secretary of State of Trade reveal that they suppose 51,6% in the group of the Catalan exports, what has taken to that you/they have grown above the Spanish stocking. In absolute terms, they have touched the 42.000 million Eurus, what supposes 25,5% of the total of the Spanish exports and a new historical maximum. The sector that more it has grown between January and August it has been that of the automobile, with a he runs off with of 15% and a weight of 16,3% regarding the total of the Catalan exports. 

If the investors have restlessness for the fact that Catalonia you can segregate of Spain it is not for Catalonia it is for Spain and this is it that the PP and the Spanish politicians don't want to be believed and this posture makes that Catalonia goes away every time but of Spain of the one that alone he receives threats and emotional blackmails. To realize what I say it is necessary to review the following data: The second community more exporter after Catalonia is Madrid that touched the 19.000 million in the same period, 11,4% of the total, Spanish but that he represents 40% less than the Catalan exports, 

This is this way because there is not in Madrid the industrial fabric as in Catalonia that is directed to the obtaining of products of added value, as example Madrid so alone has a production center and of reduced dimensions of the sector of the auto motion, the strongest sector. The factory of PSA in Villaverde (Madrid), he closed the last exercise with a production of 59.000 vehicles, while that of Seat in Martorell the one that closed with a bigger number of vehicles was (428.000 units). And here it is not counted the production of Nisán that is also in Barcelona. This is what not worries to the world market that Catalonia doesn't work if he becomes independent of Spain but rather Spain cannot replace the industrial force and exporter of Catalonia  

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