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 20 April 2026 Risk sentiment improved during Friday's session, as Iran announced that the Strait of Hormuz would be completely open to commercial traffic, news that were confirmed by President Donald Trump. Energy prices fell drastically, with Brent reaching USD 90/barrel at the close of the session and TTF settling below EUR 40/MWh, while volatility also retreated. 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 This article confirms, through the use of anonymised high-frequency internal data, how the interest rate hikes and cuts between 2022 and 2025 have affected Spaniards’ consumption. The results show that the monetary policy of the last cycle has clearly influenced household… Several authors17 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 Opinion World economy: between noise and fury José Ramón Díez 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 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?Energy tensions, inflation and monetary policy in the euro areaMonetary policy in 2025: dialling-back timeGeoeconomic exposure and strategic relevance of the Middle East NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Digitalisation & Technology Demographics Podcasts Guerra en Irán: implicaciones para la economía mundial y para España 16/03/2026 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 David del ValSenior economist Javier Ibáñez de Aldecoa FusterEconomist Mar Bisquert PerlesData scientist Eduard Alcobé GarciaData scientist Sandra Jódar RosellDirector of Strategic Planning Javier García ArenasSenior economist Imelda EstebanSenior economist Meet us María Romero MeléndezEconomista Jesús ViscarriOrganization Alberto GrazianoSenior Data Scientist Zoel Martín VilatóEconomist David Martínez TuréganoSenior economist Nuria BustamanteLead economist Adrià Morron SalmeronLead economist Meet us Sergio DíazEconomist Carolina CruzOrganization Oriol Carreras BaquerSenior economist Pedro Álvarez OndinaEconomist Beatriz Villafranca SerranoEconomist Luís Pinheiro de MatosEconomist Isabela Lara WhiteEconomist Meet us Judit Montoriol GarrigaLead economist Maitane LizarragaAnalyst Rita Sánchez SolivaEconomist Catalina BecuResearch assistant José Ramón DíezHead of International Economics & Markets Josep Mestres DomènechLead economist Oriol AspachsHead of Spanish Economics Meet us Jesús Manuel Carrera MorenoResearch assistant Marina Tombas SuñéData Scientist Ana María PorrasOrganization Léopold JouvenEconomist Ariadna Vidal MartínezLead economist Enric FernándezChief Economist David Cesar HeymannEconomist Meet us José Antonio Sánchez PalominoData scientist Mireia CrusellsAnalyst Ana Rincón GarcíaOrganization Patricia EstebanCommunication Roser FerrerSenior economist Meet usPrint
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 This article confirms, through the use of anonymised high-frequency internal data, how the interest rate hikes and cuts between 2022 and 2025 have affected Spaniards’ consumption. The results show that the monetary policy of the last cycle has clearly influenced household… Several authors17 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