Juan Carlos Martínez Lázaro (IE Business School):“Investment in AI and higher private consumption are driving the economy”

At the opening of the second day of the Privel Private Label Congress, Juan Carlos Martínez Lázaro, Professor of Economics at IE Business School, provided an overview of the global geopolitical and economic situation. The Democrats’ recent victory in the US mid-term elections opens up a more promising prospect for ending the blockade of the Strait of Hormuz. Furthermore, investment in AI and increased private consumption are underpinning the world’s major economies. In Spain’s case, this is also supported by higher spending, increased tourist numbers and population growth.