Balearic Islands
The Balearic Islands is one of the most dynamic regions in the country. According to CaixaBank Research, the Balearic Islands’ GDP grew by 3.0% in 2025, above the Spanish average (2.8%). This was thanks to the upturn in tourism, which, in turn, boosted consumption and job…
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…
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…
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…
