{"id":28774,"date":"2018-05-07T11:00:35","date_gmt":"2018-05-07T09:00:35","guid":{"rendered":"http:\/\/www.tressis.com\/blog\/?p=28774"},"modified":"2018-05-07T11:00:35","modified_gmt":"2018-05-07T09:00:35","slug":"crecimiento-estancado","status":"publish","type":"post","link":"https:\/\/www.tressis.com\/ca\/blog\/crecimiento-estancado\/","title":{"rendered":"El crecimiento sigue &#8220;estancado&#8221;"},"content":{"rendered":"<p>Mayo no est\u00e1 resultando mucho m\u00e1s diferente de lo que cabr\u00eda esperar, con especial inter\u00e9s en una inflaci\u00f3n que no termina de arrancar todo lo que cab\u00eda esperar, o conscientes de que la ralentizaci\u00f3n econ\u00f3mica es una realidad por bloques.<!--more--><\/p>\n<p>El informe de empleo mensual de EE.UU. confirma que el mercado laboral no tiene mucho m\u00e1s de donde tirar, como bien demuestra una creaci\u00f3n de empleo menguante. Que a pesar de todo consigue llevar la tasa de paro al 3,8%, el m\u00ednimo en 18 a\u00f1os que hace que muchos piensen en la l\u00f3gica cercan\u00eda del final de ciclo. Pero lo importante no est\u00e1 en el empleo en s\u00ed, sino en los salarios, pues el crecimiento sigue &#8220;estancado&#8221; en niveles del 2,6%, por debajo de lo que se espera y lejos de las previsiones que dec\u00edan que las presiones inflacionistas ser\u00edan especialmente fuertes en aquel pa\u00eds. <\/p>\n<p>En el caso de Europa quiz\u00e1s a\u00fan es pronto para certificar un cambio de tendencia en el crecimiento, si bien los indicadores llevan varias semanas mostrando que la regi\u00f3n ya no crece como lo hab\u00eda venido haciendo hasta hace bien poco. Entre ellos est\u00e1n los PMI, que en su composici\u00f3n compuesta, con la de abril suman ya tres meses a la baja, pero a\u00fan en cotas lo suficientemente elevadas como para disfrutar de la comodidad.<\/p>\n<p>Todo esto puede ser lo que est\u00e9 haciendo que la temporada de resultados est\u00e9 teniendo bastante menos presencia de la que cabr\u00eda esperar. Y eso a pesar de que las compa\u00f1\u00edas norteamericanas est\u00e1n presentando unas cifras de beneficios que, quitando el efecto de la bajada de impuestos, sigue siendo de doble d\u00edgito. Por lo que a las europeas corresponde, adem\u00e1s de ir con retraso, hay m\u00e1s de lo mismo, es decir, decepci\u00f3n respecto a EE.UU.<\/p>\n<p>Buen d\u00eda.<\/p>\n<p><center><strong>Am\u00edlcar Barrios Vilallonga<\/strong><br \/>\nDirecci\u00f3n de Inversiones<\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mayo no est\u00e1 resultando mucho m\u00e1s diferente de lo que cabr\u00eda esperar, con especial inter\u00e9s en una inflaci\u00f3n que no termina de arrancar todo lo que cab\u00eda esperar, o conscientes de que la ralentizaci\u00f3n econ\u00f3mica es una realidad por bloques.<\/p>\n","protected":false},"author":4,"featured_media":28775,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9721],"tags":[1163,1562,2206,2556,3487,4927,5157,5336,6506],"class_list":["post-28774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-morning-meeting","tag-cifras-de-beneficios","tag-crecimiento-estancado","tag-eeuu","tag-europa","tag-informe-de-empleo-eeuu","tag-pmi","tag-presiones-inflacionistas","tag-ralentizacion-economica","tag-temporada-de-resultados"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>El crecimiento sigue &quot;estancado&quot;<\/title>\n<meta name=\"description\" content=\"El mercado laboral no tiene mucho m\u00e1s de donde tirar\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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