In Spain, the IESE Index, prepared by the IESE Business School, to measure Economic Uncertainty (I3E), decreased 22 points in April, and it was situated at the level of 104 within a scale that goes from 0 to 200.
In this sense, according to a review by the Bolsamania portal of the IESE announcement, Spanish economic uncertainty was reduced in general after the banking turbulence was left behind.
On the other hand, specifically uncertainty about the stock market decreased 33 points, to 94, and that of the dollar-euro exchange rate fell 17, to 127. Regarding the price of oil, it fell 8 points, and the indicator remained at 91, while the of the debt decreased 14 points, to 135.
Under this context, Miguel Ángel Ariño, IESE professor and head of the Indexstated that the rapid decrease in uncertainty shows that for the moment “the tensions over banking health have been overcome” hence, the recession still does not seem to materialize.
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