Galicia
According to CaixaBank Research estimates, Galicia’s GDP grew by 2.7% in 2025, 0.1 pp below the figure for the Spanish economy as a whole. The housing market is performing well and industry is experiencing a tentative recovery, especially the powerful motor vehicle…
EUR/GBP
During the first three quarters of 2025, sterling depreciated against the euro, despite having a favorable interest rate differential, due to the resilience of the eurozone and fiscal pressures and political uncertainty in the United Kingdom. Since then, this dynamic has…
The Spanish economy: between resilience and slowdown
The Spanish economy closed 2025 with solid growth and has kicked off 2026 with figures that remain strong, albeit somewhat lower than those of last year. Together, the indicators published to date are consistent with CaixaBank Research’s forecast scenario, set out in the…
Japan, at the dawn of a new cycle: fiscal tensions and monetary normalisation in the Land of the Rising Sun
Japanese sovereign yields have rebounded since 2022, particularly in the past year, and have exceeded the 2% threshold for the first time in nearly three decades. These movements have sparked a wide debate about the country’s fiscal sustainability and the direction of its…
