Five companies slowing down

There are five and they are strong: Fundación Bancaria 'La Caixa', Telefónica, El Corte Inglés, Caixabank and Inditex are Spanish systemic companies that can best face a sharp slowdown in the Spanish economy, and which, at the same time, can be the best revulsive for a later recovery, according to the Spanish.

Fundación Bancaria 'La Caixa', a shareholder of Telefónica, Naturgy or Cellnex through its holding Criteria Caixa, stands as the systemic company most trusted by the Spaniards to remove Spain from the economic slowdown, for its contribution to the economy , to employment and for its interdependence with the rest of Spanish companies and SMEs. The holding company dedicates 540 million euros a year to social projects through its Social Work, which, together with its shareholdings, including 40% of CaixaBank, which provides a large volume of financing for business projects, It makes its contribution to GDP, consumption and investment “essential” so that, in the event of a slowdown, the Spanish economy redirects its growth.

These data and the positioning obtained by the five companies are the conclusions that can be drawn from the latest study conducted by the Advice Strategic Consultants based on a quantitative survey of 2,400 people, 1,000 opinion leaders and 2,400 SMEs and freelancers during the last months of June, July and August on the first 400 companies in Spain by turnover.

ESTIMATED SCENARIOS

Spain continues to grow at a rate of 2.3% per year in the second quarter and the Government expects to end the year at the same level and even around 2% next year, but there are external factors that can affect our economy and push us Towards a slowdown.

According to the study, the Spaniards would once again put their trust in the large Spanish companies that contribute most to the economy. After the La Caixa Banking Foundation, the second company they trust most is Telefónica.

Respondents see in the 'teleco' an example of the 'new economy', thanks to their effort to digitize, which, both directly and indirectly, helps SMEs and public administrations also delve into their process towards digitization

The rest of the companies that generate the greatest confidence in a slightly favorable economic scenario are El Corte Inglés, CaixaBank, Inditex, Banco Santander, Mercadona, Naturgy, BBVA, Cellnex and Iberdrola, in this order, in addition to others such as Orange, Vodafone, MásMóvil, Bankinter, Sabadell, Bankia, Mango, H&M, Carrefour, Alcampo, Eroski, Primark, Cortefiel, Lidl, SaveMore, Repsol, Endesa, Abertis, Ferrovial, Aciona, ACS, Sacyr, FCC, OHL, Danone, Unilever, Nestlé, Easter Quality , Campofrío, El Pozo, Kraft, Lactalis / Puleva, Mondelez, Meliá, Barceló, NH, AC Hoteles, Iberostar and Ritz Carlton.