April 2026 | No. 510

April 2026 | No. 510

Editorial

Globofriction (chap. 26)

Oriol Aspachs

Key points of the month

World economy: between noise and fury
José Ramón Díez

Forecasts and indicators

Forecasts and indicators - April 2026

Financial markets

The Middle East leaves a «furious» mark on financial markets
CaixaBank Research
The oil market enters unknown territory
Luís Pinheiro de Matos

International economy

An uncertain energy shock hangs over the global economy
CaixaBank Research
Geoeconomic exposure and strategic relevance of the Middle East
David Martínez Turégano
Europe faces another energy crisis
Rita Sánchez Soliva
Energy tensions, inflation and monetary policy in the euro area
CaixaBank Research
How far has the EU progressed on the Competitiveness Compass?
David Martínez Turégano

Spanish economy

The Spanish economy endures
CaixaBank Research
The transmission of the interest rate cycle to households in Spain: micro-level evidence of a moderate adjustment and gradual recovery
Josep Mestres DomènechJavier García ArenasAlberto GrazianoEduard Alcobé Garcia
NGEU: execution is progressing, but we are approaching the moment of truth
Javier García Arenas
Spain in the face of the new energy shock: a comparison with Europe
Zoel Martín Vilató
The crisis in Iran: how much could it affect the Spanish economy?
Oriol Carreras BaquerJavier García ArenasZoel Martín Vilató

Portuguese economy

Portugal: first signs of the impact of the conflict in the Middle East
CaixaBank Research

Forecasts and indicators - April 2026

17 April 2026