Search at CaixaBank Research

Search results

189 results found for 2024

Following all these events, 2024 closed with gains in equities and with the dollar as the most strengthened currency, but with a significant increase in sovereign rates in the anticipation of higher inflation in the US, the unknowns surrounding the future of global geopolitics and the uncertainty about exactly how much more monetary policy will be eased.

https://www.caixabankresearch.com/en/economics-markets/financial-markets/fed-and-uncertainties-about-global-growth-condition-end-year

The start of 2025 has brought a change in the focus of the financial markets, which was consolidated in February. Investors have shifted their attention away from the central banks, which were the main driver of the markets in 2024, towards an environment of high geopolitical risk, with the «Trump effect» as a key catalyst.

https://www.caixabankresearch.com/en/economics-markets/financial-markets/high-volatility-new-geopolitical-environment

In 2024, Spain’s real estate market enjoyed a remarkable recovery, with a significant increase in both house prices and sales. Factors such as the growth of gross disposable income, foreign demand and falling rates drove this trend. In this article, we unveil our forecasts for 2025 and explain why we expect this boom to continue.

https://www.caixabankresearch.com/en/sectoral-analysis/real-estate/new-forecasts-spanish-real-estate-sector-expansionary-cycle-takes

The devastation caused by the floods could subtract between 10 and 20 basis points from Spain’s GDP in Q4 2024. This estimate is subject to a high degree of uncertainty and assumes a significant impact on Valencia’s primary sector, a moderate impact on its industry and a milder impact on trade. The estimate for 2025 will depend largely on the scale of the investments allocated to reconstruction and the replenishment of the capital destroyed in the floods, as well as on the support measures that are implemented.

https://www.caixabankresearch.com/en/economics-markets/activity-growth/economic-impact-floods-valencia-province

In 2024, the global economy remained resilient in an environment marked by restrictive financial conditions and the major international economies managed to grow by more than expected. Nevertheless, 2025 is still set to be a challenging year: the threat of greater economic fragmentation has now been added to the risk map, with an increase in trade barriers and uncertainty.

https://www.caixabankresearch.com/en/economics-markets/recent-developments/surprises-disappointments-and-uncertainties-international

In 2024, all sectors of the Spanish economy have recorded growth, with only a few exceptions. In addition, the number of sectors in a situation of weakness has steadily declined, while that of sectors in expansion has increased. The outlook for 2025 is equally promising, although a slight moderation is anticipated in some cases.

https://www.caixabankresearch.com/en/economics-markets/activity-growth/sector-growth-2025-robust-and-across-board-some-differences

The 2021 labour reform has managed to significantly reduce the temporary employment rate in Spain: from an average of 29.7% in the period 2014-2019, it has fallen to 12.7% in 2024. This reduction has occurred across the various sectors, age groups and regions, and it has led to greater employment stability, although job turnover has increased and the number of contracts registered has decreased.

https://www.caixabankresearch.com/en/economics-markets/labour-market-demographics/employment-stability-improves-spain

The Spanish economy has once again exceeded our expectations in the opening months of 2024. While the GDP growth figure for the final quarter of 2023 was higher than expected, that of the first quarter of this year confirms the good performance of Spain’s economy and leads us to revise our forecasts upwards. Let’s re-examine the main factors that will determine the outlook for Spain’s economy, after incorporating the latest available information.

https://www.caixabankresearch.com/en/economics-markets/inflation/new-economic-outlook-spains-economy-once-again-surpasses-expectations

Undoubtedly, the two key questions on investors’ minds and the central theme of the financial markets for much of the year – particularly in the last month – have been when the ECB and the Fed will lower interest rates and how many times they will do so in 2024. Thus, in May and early June the markets saw volatility in financial asset prices as investors sought clarity on the central banks’ future decisions.

https://www.caixabankresearch.com/en/economics-markets/financial-markets/uncertainty-interest-rate-outlook

According to the new estimate produced by the National Statistics Institute, GDP grew by 0.8% quarter-on-quarter
in Q1 2024, 0.1 pps more than originally estimated. Behind this good performance lie several key elements: the strength of the labour market, the boost provided by dynamic immigration flows and the good data for international tourism, which have once again exceeded expectations.

https://www.caixabankresearch.com/en/economics-markets/recent-developments/spanish-economy-enjoying-rosy-period