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 readNew outlook for the Spanish real estate sector: slowdown in the housing marketEnergy tensions, inflation and monetary policy in the euro area Factors behind the differences on inequality at the regional levelWhich sectors have benefited the most from the pent-up demand?2025 global outlook: in search of a new normal NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Real-Time Economics Reactivation or deceleration? 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 Sergio DíazEconomist Jesús ViscarriOrganization Jesús Manuel Carrera MorenoResearch assistant Eduard Alcobé GarciaData scientist David Martínez TuréganoSenior economist Luís Pinheiro de MatosEconomist Ariadna Vidal MartínezLead economist Meet us Ana Rincón GarcíaOrganization Marina Tombas SuñéData Scientist Adrià Morron SalmeronLead economist Javier Ibáñez de Aldecoa FusterEconomist María Romero MeléndezEconomista Sandra Jódar RosellDirector of Strategic Planning Léopold JouvenEconomist Meet us Oriol Carreras BaquerSenior economist Imelda EstebanSenior economist David del ValSenior economist José Antonio Sánchez PalominoData scientist Ana María PorrasOrganization Josep Mestres DomènechLead economist Nuria BustamanteLead economist Meet us Alberto GrazianoSenior Data Scientist Patricia EstebanCommunication Mar Bisquert PerlesData scientist Maitane LizarragaAnalyst Pedro Álvarez OndinaEconomist José Ramón DíezHead of International Economics & Markets Catalina BecuResearch assistant Meet us Beatriz Villafranca SerranoEconomist Isabela Lara WhiteEconomist Rita Sánchez SolivaEconomist David Cesar HeymannEconomist Roser FerrerSenior economist Zoel Martín VilatóEconomist Mireia CrusellsAnalyst Meet us Judit Montoriol GarrigaLead economist Carolina CruzOrganization Javier García ArenasSenior economist Oriol AspachsHead of Spanish Economics Enric FernándezChief 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