Geoeconomic exposure and strategic relevance of the Middle East International economy David Martínez Turégano Wed, 04/15/2026 - 11:36
The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Spanish economy Several authorsFri, 04/17/2026 - 11:54
The crisis in Iran: how much could it affect the Spanish economy? Spanish economy Several authorsFri, 04/17/2026 - 12:55
Financial Markets Daily Report 29 April 2026 Markets remained caught between geopolitical tensions and a key run of central bank meetings. With no progress reported in US–Iran negotiations, energy prices moved higher, with Brent crude rising above USD 110/bbl for the first time in three weeks. Risk sentiment stayed subdued, while concerns over the inflationary impact of higher energy costs persisted. Spain Madrid AC The Madrid Autonomous Community’s economy is a key driver of the Spanish economy and has been highly buoyant in recent years, surpassed only by the island regions. At CaixaBank Research we estimate that Madrid’s GDP grew by 3.1% in 2025 (2.8% in Spain). This momentum is… 24 April 2026 Activity & growth The crisis in Iran: how much could it affect the Spanish economy? The war in the Middle East could generate a new shock to the global economy that would also affect the Spanish economy. In this article, we analyse the three main channels through which it could do so: the first is inflation, through the rising cost of energy, other… Several authors17 April 2026 Financial markets outlook The Middle East leaves a «furious» mark on financial markets The war triggered significant risk aversion, leading to stock market declines, spikes in volatility, a flight to safe-haven assets, and a sharp tightening in energy and other commodity prices. This increase in energy prices, in turn, led to a rise in short-term… CaixaBank Research 17 April 2026 European Union How far has the EU progressed on the Competitiveness Compass? The balance of the European Competitiveness Compass in 2026 is positive in terms of orientation and debate, but limited in progress, with key decisions still pending and with an uncertain future in a more complex geopolitical environment. David Martínez Turégano 17 April 2026 Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026 World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026 Spain's outlook The Spanish economy endures CaixaBank Research 17 April 2026 Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026 Portugal outlook Portugal: first signs of the impact of the conflict in the Middle East CaixaBank Research 16 April 2026 Opinion Globofriction (chap. 26) Oriol Aspachs 16 April 2026 Publications Monthly ReportApril 2026 | No. 51017 April 2026 Sectorial ReportReal Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026 Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 SpainSpain’s Macroeconomic & Financial Outlook13 April 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportSectoral Observatory S1 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Globofriction (chap. 26) Oriol Aspachs Head of Spanish Economics Key points of the month World economy: between noise and fury José Ramón Díez Head of International Economics & Markets Recommended Oil The oil market enters unknown territory Luís Pinheiro de Matos 17 April 2026 Activity & growth The crisis in Iran: how much could it affect the Spanish economy? Several authors 17 April 2026 Financial markets outlook The Middle East leaves a «furious» mark on financial markets CaixaBank Research 17 April 2026 European Union How far has the EU progressed on the Competitiveness Compass? David Martínez Turégano 17 April 2026 Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026 Spain's outlook The Spanish economy endures CaixaBank Research 17 April 2026 World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026 Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026 Portugal outlook Portugal: first signs of the impact of the conflict in the Middle East CaixaBank Research 16 April 2026Most readThe Belt and Road Initiative: a double-edged sword? (part III)The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recoveryThe crisis in Iran: how much could it affect the Spanish economy?Geoeconomic exposure and strategic relevance of the Middle EastThe COVID-19 outbreak boosts remote working NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Real-Time Economics Macrofinance Podcasts De Ormuz a España: cómo la crisis en el Golfo puede acabar afectando a nuestra economía 23/04/2026 Forecasts Financial markets Interest rate (%)Update date 10-04-20262024202520262027 Fed Funds 4.25 3.50 3.00 3.00 ECB Refi 3.24 2.15 2.15 2.15 Macroeconomic GDP (%)Update date 10-04-20262024202520262027 Euro area GDP 0.8 1.5 1.3 1.5 Spain GDP 3.5 2.8 2.4 2.0 US GDP 2.8 2.1 2.6 2.0 Team José Antonio Sánchez PalominoData scientist David Martínez TuréganoSenior economist Carolina CruzOrganization Mireia CrusellsAnalyst Oriol AspachsHead of Spanish Economics Rita Sánchez SolivaEconomist Isabela Lara WhiteEconomist Meet us Jesús ViscarriOrganization Jesús Manuel Carrera MorenoResearch assistant Josep Mestres DomènechLead economist Luís Pinheiro de MatosEconomist Javier García ArenasSenior economist David del ValSenior economist Adrià Morron SalmeronLead economist Meet us Pedro Álvarez OndinaEconomist Léopold JouvenEconomist Oriol Carreras BaquerSenior economist Marina Tombas SuñéData Scientist Roser FerrerSenior economist Maitane LizarragaAnalyst María Romero MeléndezEconomista Meet us David Cesar HeymannEconomist Ariadna Vidal MartínezLead economist Enric FernándezChief Economist Judit Montoriol GarrigaLead economist Eduard Alcobé GarciaData scientist Patricia EstebanCommunication José Ramón DíezHead of International Economics & Markets Meet us Zoel Martín VilatóEconomist Ana María PorrasOrganization Alberto GrazianoSenior Data Scientist Sergio DíazEconomist Javier Ibáñez de Aldecoa FusterEconomist Ana Rincón GarcíaOrganization Catalina BecuResearch assistant Meet us Sandra Jódar RosellDirector of Strategic Planning Mar Bisquert PerlesData scientist Beatriz Villafranca SerranoEconomist Imelda EstebanSenior economist Nuria BustamanteLead economist Meet usPrint
Spain Madrid AC The Madrid Autonomous Community’s economy is a key driver of the Spanish economy and has been highly buoyant in recent years, surpassed only by the island regions. At CaixaBank Research we estimate that Madrid’s GDP grew by 3.1% in 2025 (2.8% in Spain). This momentum is… 24 April 2026
Activity & growth The crisis in Iran: how much could it affect the Spanish economy? The war in the Middle East could generate a new shock to the global economy that would also affect the Spanish economy. In this article, we analyse the three main channels through which it could do so: the first is inflation, through the rising cost of energy, other… Several authors17 April 2026
Financial markets outlook The Middle East leaves a «furious» mark on financial markets The war triggered significant risk aversion, leading to stock market declines, spikes in volatility, a flight to safe-haven assets, and a sharp tightening in energy and other commodity prices. This increase in energy prices, in turn, led to a rise in short-term… CaixaBank Research 17 April 2026
European Union How far has the EU progressed on the Competitiveness Compass? The balance of the European Competitiveness Compass in 2026 is positive in terms of orientation and debate, but limited in progress, with key decisions still pending and with an uncertain future in a more complex geopolitical environment. David Martínez Turégano 17 April 2026
Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026
World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026
Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026
Portugal outlook Portugal: first signs of the impact of the conflict in the Middle East CaixaBank Research 16 April 2026
Sectorial ReportReal Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Activity & growth The crisis in Iran: how much could it affect the Spanish economy? Several authors 17 April 2026
Financial markets outlook The Middle East leaves a «furious» mark on financial markets CaixaBank Research 17 April 2026
European Union How far has the EU progressed on the Competitiveness Compass? David Martínez Turégano 17 April 2026
Big data The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery Several authors 17 April 2026
World outlook An uncertain energy shock hangs over the global economy CaixaBank Research 17 April 2026
Energy Spain in the face of the new energy shock: a comparison with Europe Zoel Martín Vilató 16 April 2026
Portugal outlook Portugal: first signs of the impact of the conflict in the Middle East CaixaBank Research 16 April 2026