Search results

Geopolitical tensions and the uncertainty surrounding foreign demand force us to reassess the strengths and weaknesses of exports in the Spanish economy. To do so, it is essential to analyse what we export, how diversified our range of products is, as well as how competitive it is. To improve our understanding, in this article we will analyse the complexity of the products that are exported, as well as their technological intensity, two key variables for assessing the competitiveness of our exports.

In the context of our revision of the international economic outlook, the aim of this article is to clarify, on the one hand, the US’ current tariff policy and, on the other, to summarise the response from its main trading partners and the state of the ongoing negotiations.

The string of supply and demand shocks triggered by the announcements of recent weeks will alter the balances of growth and inflation, while the expectations variable will modulate the effects that will be transmitted through the trade and financial channels. 

The new focus of concern in the already complex global economic scenario is the health of public finances. In the case of Spain, the two key levers in order for public debt to continue to fall are the general government deficit and economic growth.