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In a context marked by the uncertainty generated by the tariff tensions, a topic to which we devote several articles, in this Monthly Report we update the economic forecast scenario for 2025 and 2026. We also review the forecasts for the Spanish real estate market, which is in the midst of a boom, and evaluate the economic recovery of the province of Valencia six months after the floods.

Donating blood, making a donation or collaborating with NGOs are common forms of solidarity throughout the world. Even a gesture as simple as giving up one’s seat for an elderly person can be considered a selfless act of kindness towards others. However, there is a lack of evidence on how often and in what way we help others. In this new Dossier of the Monthly Report – a result of the collaboration between the ”la Caixa” Foundation, CaixaBank Research and Pompeu Fabra University – we provide a snapshot of Spanish solidarity, offering an overview of the forms that altruism takes and of the donations made by Spaniards: from profiling donors and the social causes to which they give, to the charitable response to the floods in Valencia.

The European Parliament elections this June were held at a key moment for the European construction process, taking into account the economic, political and social challenges that our continent must address in the coming years. Many of these challenges are discussed in the Dossier of this Monthly Report, ranging from the loss of competitiveness in a world that is undergoing a reconfiguration of value chains and relationships between economic blocs, to the revitalisation of productivity and technological development, to the need to push ahead with the capital markets union.

Analysis of the economic impact of the Ukraine crisis