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.

We look at the dangers of a wage-price spiral in the US and the euro area, in the current context of inflationary pressures. 

In 2022 all households had to allocate a greater percentage of their income to paying their electricity and gas bills. However, the additional effort required to pay for energy consumption was not the same for everyone. In this article, we estimate that effort based on internal CaixaBank data.

The outbreak of the pandemic in 2020, and more recently the war in Ukraine, has accelerated the trend of decoupling between the US and China, and Europe also appears to have joined in, albeit somewhat timidly for now. We analyse the EU’s dependence on China in order to understand whether European strategic autonomy is possible, or even desirable.

It is difficult to curb imports in order to defend local production while relying on them as a source of tax revenues. In fact, the more successful US trade policy is in restricting imports, the lower the revenues that can be expected.

With the Belt and Road Initiative, China has not only diversified the destinations of its exports in recent years, but has also diversified the origins of its imports, becoming a voracious consumer of commodities. 

The recovery of investment should gain traction over the coming years and, in the case of the Spanish economy, the execution of the European NGEU funds is expected to exert ever greater traction on private investment.