| No. 497
In this issue, we focus on China's commodity stockpiling strategy and the fiscal room for maneuver of the new Trump administration. As for the Spanish economy, which we expect to continue to grow above the eurozone average in 2025, we present new forecasts for the real estate sector, analyze the Treasury's strategy in a context of a reduction in the public deficit and note the improvement in employment stability as a result of the decline in the temporary employment rate.
Editorial
Key points of the month
Forecasts and indicators
Financial markets
International economy
Spanish economy
Portuguese economy
Economic outlook