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In Spain, relief over Covid slowdown is offset by spike among children

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The sixth coronavirus wave in Spain is slowing. This can be clearly seen in the national data: the number of daily cases is stabilizing, and more importantly still, so too are hospital admissions for Covid-19, which is a more reliable sign of the change in trend.

There are regions, such as Navarre and the Basque Country, where the number of detected infections is clearly falling.

And there is another sign that contagions are falling beyond the official case count: the presence of the virus in wastewater. In Madrid, the concentration of SARS-CoV-2 has dropped 25% in the last two weeks. It is an important sign because it does not depend on how many tests are carried out and how many positives are reported, which is a changing protocol.

Looking at the figures, it could be said that cases are falling and that they will continue to do so. But there is another data point that raises concern.

Coronavirus cases are rising very quickly among children. This can be seen at a national level. Since Kings Day on January 6, the number of infections detected among children and teenagers has started to rise again. For children under the age of nine, the seven-day incidence rate has gone from 1,300 cases per 100,000 inhabitants to 1,900 in just a week.

This trend can be seen in data from Catalonia: cases among children shot up in the second week of January.

The problem is how to interpret these spikes. One possibility is that they simply reflect a rise in contagions following the national holiday and return to school. But it could also be that what has risen is not the number of cases, but rather the number of cases being detected.

Has there been a change in protocols that has improved the detection of infections among children since Christmas? Or has the return to schools, which have guidelines on reporting cases, led to more cases being detected? Researcher Clara Prats, from Catalonia’s Polytechnic University, provided data that would suggest this has been the case: the positivity rate among children – i.e. the percentage of Covid-19 tests that come back positive out of the total – has fallen from 50% in December to 25%. In other words, more cases are being detected, in part because more tests are being carried out.

“We are in the most difficult moment to say anything,” said Saúl Ares, a systems biologist and investigator at Spain’s National Research Council (CSIC), after studying the epidemiological curve. To solve the puzzle, we will have to wait to see how key data points evolve this week: the incidence rate among children, the incidence rate among their parents and the rate of Covid-19 hospital admissions.

How many people have had the virus? In two months, 3.5 million coronavirus cases have been detected in Spain, but the real number could be three or five times higher, i.e. between 10 and 15 million. The United Kingdom carries out random surveys and these suggest that there are three contagions for every case detected. Meanwhile in the United States, some epidemiologists argue that there are four or five infections for every one reported. Spain has a higher positivity rate than both those nations, meaning detection in the country could be even worse.

Between 20% and 30% of Spaniards may have had Covid-19 between November and now. And this figure could double as the sixth wave descends.

These are tremendous figures. As biologist Trevor Bedford explained on Twitter, speaking in reference to the US: “Having around 40% of the population infected by a single pathogen in the span of eight weeks is remarkable and I can’t think of an obvious modern precedent.”

Covid-19 vaccines and the fact that the highly transmissible omicron variant is less severe than previous strains has helped buffer the impact of the virus. But it is important to look closely at the number of hospitalizations and fatalities if we are to consider a future scenario in which Covid-19 is pandemic, predictable and cyclical.

Since November, there have been 68,000 hospital admissions for Covid-19, while 3,500 people have died after testing positive for the virus. Fatalities, however, are typically notified with delays. And since July? Although many people were vaccinated by July, since then, there have been 150,000 hospitalizations, 11,000 official deaths and thousands more excess deaths, according to the National Institute of Statistics (INE).

It’s too soon to compare the virus to the flu, given that this wave has yet to end and that many of the cases detected were due to delta, not omicron. That said, it is useful to have a point of reference. According to the US Centers for Disease Control and Prevention, the flu kills in the US around 32,000 people a year, which for the population in Spain, would be the equivalent to around 4,000 or 5,000 victims. According to the European equivalent, more than 43,000 people die every year from the flu, which would also equal between 4,000 and 5,000 deaths in Spain.

For now Covid is too unpredictable to treat as a flu. As epidemiologist Adam Kucharski explained on Twitter: “A key feature of endemicity is an element of predictability – we understand what’s driving the long term dynamics, and can have some confidence about the range of likely annual outcomes.” This implies certain understanding and control as we have with the flu. But it is not clear if we are at this point with Covid-19.

How many hospital admissions and deaths from Covid-19 could there be in 2023 and 2024? How likely is it that a worse variant of the virus will emerge? These uncertainties do not mean the future is bleak, nor stop us from moving towards a more normal life, but they are reasons to remain vigilant.

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Spain – Gas falls below 90 euros per MWh for the first time in almost two months

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The price of TTF natural gas for delivery next month has fallen below 90 euros on Friday for the first time in almost two months and closes a week marked by the decision of the European Commission to cap gas with a drop of 29, 36%.
According to data from the Bloomberg platform, gas closed this Friday at 83 euros per megawatt-hour (MWh), 8.9% less than the day before and the first time it has lost 90 euros since last October 31.
After months of negotiations, the EU agreed on Monday to set a cap of 180 euros on contracts linked to the Amsterdam TTF index with a price difference of at least 35 euros above the average price of liquefied natural gas in the markets.

EU countries agree on a cap of 180 euros for gas with the support of Germany
In a report this week, the Swiss investment bank Julius Baer indicated that the chances of the mechanism being activated are low and pointed out that the chosen formula was not very effective in avoiding the multiplier effect that gas has on the price of electricity. However, he reiterated what was said in other previous reports: “Energy supply risks are minimal and prices should continue to decline in the future” due to the availability of raw materials from Asia to offset cuts from Russia.

Gas tends to fall during the hot months due to lower demand, but this summer it has reached historic heights as European countries were buying to face the winter with their tanks full and reduce their dependence on Russia. The price fell in September and October due to lower demand once the warehouses were full due to the high temperatures at the beginning of autumn, but in November it picked up again and 66% more expensive.

This article was originally published on Público

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Spain – The retirement age rises to 66 years

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Ordinary retirement at age 65 ends for those who have contributed less than 38 years. In fact, 2023 will be the last year in which this can be done since it will be necessary to have a contribution career of a minimum of 37 years and nine months to be able to retire with the reference age of the last century, since it was established in 1919, and once the year is over another quarter will be added to be able to do it without cuts in the benefit.
This requirement means that to access ordinary retirement at age 65 without loss of pay, it will be necessary to have been working, at least, since April 1985 for those who exercise this right in December 2023 and since May 1984 for those who intend to do it in January.

More than ten million contributory pensioners
In the last decade, and coinciding with the implementation of the delay program, the real retirement age of Spanish workers has increased by one year, from 63.9 in 2012 to 64.8 in mid-2022, according to data from the Financial Economic Report of the Social Security included in the General State Budget.

Contributory pensions will have a historic rise of 8.5% as of January as a result of the disproportionate increase in the CPI, while for non-contributory pensions the revision will be 15%. This review will place the average pension of the contributory system at 1,187 euros per pay, while the retirement pension will rise to 1,365, the disability pension will reach 1,122 and the widow’s pension will reach 847, as a result of applying the 8.5% increase.

The Social Security forecasts point to next year, and while waiting to find out the real effects that the rise may have on the payroll due to its “call effect” to bring forward retirement given the opportunity to alleviate with it the penalties for anticipating it, the number of pensioners will consolidate above ten million, with almost two-thirds of them (6.37) as retirees, to which will be added 2.3 million widows and almost one affected by work disabilities.

This record number of pensioners will place the cost of pensions at 209,165 million euros, the bulk of which (196,399, 93.8%) will be used to pay benefits, including non-contributory ones. Health care has a budget of 1,890 million euros and social services another 3,791, while the remaining 7,144 are dedicated to operating expenses.

On the revenue side, the largest contribution comes from the contribution chapter, which will amount to 152,075 million and will leave the gap with contributory benefits at 36,765.
The imbalance will be covered by a contribution of 38,904 from the Government, to which is added a chapter of others worth 18,116 and which includes everything from sanctions to asset disposals, among other concepts.

Read more of this from the source Público

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Spain – Workers protest in Madrid for a wage increase

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Inditex workers have demonstrated in Madrid this Saturday, at the beginning of the winter sales, for a wage increase and “decent” working conditions, during a day of a strike called by the CGT union.
Several hundred people have gathered to protest on Calle Preciados in Madrid in a day of shop assistants’ strike that was called throughout Spain, but which has had its greatest impact in the Community of Madrid.

This concentration occurs after the agreement was reached in Galicia on December 23 after several days of protests, in which the store employees of A Coruña reached an agreement with the group. Under this agreement, store staff, more than 1,500 people in Galicia, will have a monthly increase in salary bonuses of 322 euros during the first year, 362 euros during the second and 382 euros thereafter.

The secretary of the state section of CGT in Zara and Lefties, Ánibal Maestro, explained that the Inditex workers have decided to “take a step forward against precariousness”.

“The benefits are distributed among the shareholders and directors meeting and we demand a salary increase, so that they realize that the workers are the engine”, he has defended.

For their part, the CCOO and UGT announced this week that they will start negotiating with Inditex on January 25 at the state table on global wage measures that offset the impact of inflation in all group companies and in all territories.

Specifically, the CCOO recalled that in recent weeks, and in coordination with the UGT, the firm chaired by Marta Ortega has been asked to formalize the state table throughout this month to address global aspects of salary policy in all companies of the group and in all territories, bearing in mind both the situation and levels of provincial collective agreements, as well as the impact that inflation is having on the purchasing power of the workforce, as well as the commitment to review and improve the system of commissions for Store staff.

This article was originally published on Público

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