Soft landing in times of political uncertainty and a year of improvement.
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Despite the growing trend of a reduction in tourism seasonality in Spain, the months of July and August saw extraordinary and record-breaking figures that deserve detailed analysis.
Income inequality is declining in Spain
For developed countries, we have data up until 2022, and in most of them income inequality continues to show a long-term upward trend. For Spain, however, we have data up until October 2024 and the message, fortunately, is quite different.
In the coming years, the paths of interest rates and nominal GDP growth will create an environment in which it will not be so easy to regain fiscal space without a proactive effort by governments.
2025 is set to be a year of change between a world that has not quite died yet (globalisation, multilateralism, liberal democracies) and another that has not quite been born and which nobody knows what shape it will take.
Generally speaking, the world of economic prophets is populated by pessimistic or conservative people. It is preferable for things to go better than expected than for us to be caught off guard.
Economic activity is showing signs of a slowdown and inflation fell below 2% in March for the first time since August 2024.
The savings of Spaniards went from 5,800 euros per household in 2023 to more than 7,000 in 2024. Why has the household savings rate increased and what do we expect for 2025?
We analyse the European manufacturing industry’s import dependency on China and the United States and strategies to reduce it in a more fragmented geopolitical context.
In a context marked by geopolitical tensions, persistent uncertainty and tariff threats, the global economy continues to show remarkable resilience.
The Spanish economy continues to advance at a dynamic pace. For several years now, it has maintained relatively high growth, both from a historical perspective and in comparison with most developed economies.
We analyse how tourists react to episodes of extreme heat in order to anticipate risks and opportunities for the tourism sector in the face of climate change, using anonymised internal data from foreign card payments on CaixaBank POS terminals.