| No. 502
Against a backdrop marked by geopolitical tensions, uncertain tariff negotiations and fiscal imbalances in key economies, this summer edition of the Monthly Report looks at how trade fragmentation and the pursuit of strategic autonomy are redefining the international economic order. At the same time, it examines other issues that are key to the Spanish economy, ranging from the relationship between employment growth and productivity, to the impact of unexpected events such as the April blackout.
Editorial
Key points of the month
Forecasts and indicators
Financial markets
International economy
Spanish economy
Portuguese economy
Economic outlook