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The recent publication of the European Commission’s 2024 Ageing Report is an important milestone for the Commission’s evaluation of the 2021-2023 pension reform planned for 2025 and will determine whether further measures are needed to ensure the system’s sustainability.
Follow the evolution of the Spanish economy with our real-time indicators.
A year ago, a race began in which the participants did not know the distance to be travelled or the height of the obstacles they would encounter along the way. Now, it has become clear that not everyone has faced the same race. Many are now running the final lap of a 10,000-metre race, while others still have the unforgiving last mile of a marathon ahead of them. The priority at present is for the maximum number of participants to reach the finish line safe and sound.
We describe where the Spanish housing market currently lies using the "real estate clock”, a tool which shows how house prices and sales in Spain evolve over the course of the cycle.
What’s behind the semiconductor shortage? Is it a transitory phenomenon attributable to the pandemic or does it also reflect structural factors linked to the specific characteristics of the sector?
Following the rally of 2024, the data for Q1 have confirmed that the market is in the midst of the expansionary phase of the cycle, which has led us to revise upwards our forecast scenario.
What exactly is the NGEU and how will it work? We answer the questions most frequently asked about this European Recovery Fund, its approval and implementation schedule, criteria and allocation of funds.
We are facing a new year of strong economic emotions, so it is advisable to make the most of the Christmas break to take a respite.
The hospitality sector was among those hardest hit by the consequences of the pandemic as it was at the epicentre of the social distancing measures used to contain the spread of COVID-19. Although official indicators point to the sector’s clear recovery in 2022, this has not been across the board. An analysis of CaixaBank’s internal data reveals the great differences that exist within the sector, with one part that has greatly improved its situation compared with 2019 and another, non-too negligible part that is still encountering difficulties.
Owning a second home is a widespread practice in Spain. In fact, second homes make up 14.6% of all Spanish housing, this figure exceeding 30% in some provinces. Where are these second homes located? What kind of household owns them? Understanding their distribution throughout Spain in relation to the usual place of residence is of great help in analysing the behaviour of the real estate market at a local level. Once again, we can use big data techniques to process the information and identify more complex dynamics than with traditional methods.
The agrifood sector contributes a lot of value to Spain’s economy, accounting for 5.8% of its GDP, 11% when all the activities in the food chain are included. It is also notable for its great export potential and a resilience that has helped it to weather the ups and downs of the economy over the years. Consequently, although the main markets for Spanish agrifood exports have slowed as a result of increased trade tensions and uncertainty over Brexit, available activity indicators show that, for the time being, the industry is withstanding the situation reasonably well.
The current crisis is triggering changes in many aspects of our lives, a large number of them related to our residential preferences. For example, working from home can transform how and where we live. The pandemic has also boosted the digitisation of the real estate sector and could speed up certain changes in other areas such as house modernisation, supporting the transition to a more sustainable economy.
In recent years, rural tourism has become increasingly important in Spain, opening up new avenues to diversify the sources of income for rural economies. In this article, based on internal CaixaBank data, we look at the upturn in the sector after the COVID-19 pandemic and its implications for the economic resilience of rural Spain and for the tourism industry, given its high level of sustainability both from the point of view of its impact on the environment and its greater geographic diversification and more limited seasonality compared to other, more traditional forms of tourism such as sun, sea and sand destinations.