The upcoming budget takes over from NGEU in the European Semester International economy David Martínez Turégano Tue, 07/14/2026 - 08:09
Climate change and international tourist loyalty: new evidence for Spain Spanish economy David Cesar Heymann Eduard Alcobé Garcia Wed, 07/15/2026 - 11:34
Financial Markets Daily Report 03 September 2026 Wednesday's session had a more mixed tone compared to Tuesday's broad selloff, with U.S. equities staging a partial recovery. European equities, however, remained under pressure, weighed down by higher sovereign yields. In FX markets, the yen strengthened against the dollar amid hawkish BoJ speak, while the euro remained roughly stable. International Republic of South Africa Economic growth picked up moderately in 2025, to 1.1%, favoured by improved electricity supplies, the recovery of private consumption and increased confidence following the formation of the National Unity Government in 2024. 02 September 2026 International Arab Republic of Egypt The policies implemented since 2024 within the framework of the IMF’s Extended Fund Facility (EFF) have contributed to macroeconomic stabilisation, thanks to greater exchange rate flexibility, monetary and fiscal tightening, and the recovery of foreign currency inflows. … 02 September 2026 Climate change Climate change and international tourist loyalty: new evidence for Spain 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. David Cesar Heymann Eduard Alcobé Garcia 15 July 2026 Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening The provisional agreement between the US and Iran reached mid-month, which extended the military truce and allowed the gradual reopening of the Strait of Hormuz, triggered one of the sharpest drops in oil prices in recent years. This led to a significant decline in… CaixaBank Research 15 July 2026 Opinion The Spanish economy after Hormuz Oriol Aspachs 15 July 2026 World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026 Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026 Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026 Inflation European inflation: taking stock of the Middle East shock CaixaBank Research 14 July 2026 Employment The trajectory of employment growth in Spain Zoel Martín Vilató 14 July 2026 Publications Monthly ReportJuly 2026 | No. 51315 July 2026 Sectorial ReportSectoral Observatory S1 2026 SpainSpain’s Macroeconomic & Financial Outlook10 July 2026 Sectorial ReportReal Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026 Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial The global economy in search of a new balance José Ramón Díez Head of International Economics & Markets Key points of the month The Spanish economy after Hormuz Oriol Aspachs Head of Spanish Economics Recommended Climate change Climate change and international tourist loyalty: new evidence for Spain David Cesar Heymann Eduard Alcobé Garcia 15 July 2026 Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening CaixaBank Research 15 July 2026 Opinion The Spanish economy after Hormuz Oriol Aspachs 15 July 2026 Spain's outlook The Spanish economy at a crossroads: slowdown or recovery? CaixaBank Research 14 July 2026 World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026 Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026 Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026 Inflation European inflation: taking stock of the Middle East shock CaixaBank Research 14 July 2026 Employment The trajectory of employment growth in Spain Zoel Martín Vilató 14 July 2026Most readClimate change and international tourist loyalty: new evidence for SpainThe Spanish economy after HormuzThe global economy in search of a new balance2024 Treasury: the increased participation of domestic and non-resident investors will absorb the greater funding needsInternational economy: on the rise NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Reactivation or deceleration? Fundamentals of growth in Spain Podcasts Despacito y buena letra: los grandes temas del curso económico 23/07/2026 Forecasts Financial markets Interest rate (%)Update date 08-07-20262024202520262027 Fed Funds 4.25 3.50 3.50 3.00 ECB Refi 3.24 2.15 2.65 2.15 Macroeconomic GDP (%)Update date 08-07-20262024202520262027 Euro area GDP 0.9 1.5 0.7 1.2 Spain GDP 3.5 2.8 2.1 1.8 US GDP 2.8 2.1 2.1 2.1 Team David del ValSenior economist Carolina CruzOrganization Ana Rincón GarcíaOrganization Javier Ibáñez de Aldecoa FusterEconomist María Romero MeléndezEconomista Léopold JouvenEconomist Javier García ArenasSenior economist Meet us Patricia EstebanCommunication Sandra Jódar RosellDirector of Strategic Planning Sergio DíazEconomist Isabela Lara WhiteEconomist Roser FerrerSenior economist Ana María PorrasOrganization Josep Mestres DomènechLead economist Meet us Zoel Martín VilatóEconomist Luís Pinheiro de MatosEconomist David Cesar HeymannEconomist Ariadna Vidal MartínezLead economist Rita Sánchez SolivaEconomist Enric FernándezChief Economist Mar Bisquert PerlesData scientist Meet us Beatriz Villafranca SerranoEconomist Imelda EstebanSenior economist Jesús ViscarriOrganization Oriol Carreras BaquerSenior economist Marina Tombas SuñéData Scientist Pedro Álvarez OndinaEconomist Judit Montoriol GarrigaLead economist Meet us Adrià Morron SalmeronLead economist David Martínez TuréganoSenior economist José Antonio Sánchez PalominoData scientist Mireia CrusellsAnalyst José Ramón DíezHead of International Economics & Markets Eduard Alcobé GarciaData scientist Maitane LizarragaAnalyst Meet us Nuria BustamanteLead economist Oriol AspachsHead of Spanish Economics Alberto GrazianoSenior Data Scientist Meet usPrint
International Republic of South Africa Economic growth picked up moderately in 2025, to 1.1%, favoured by improved electricity supplies, the recovery of private consumption and increased confidence following the formation of the National Unity Government in 2024. 02 September 2026
International Arab Republic of Egypt The policies implemented since 2024 within the framework of the IMF’s Extended Fund Facility (EFF) have contributed to macroeconomic stabilisation, thanks to greater exchange rate flexibility, monetary and fiscal tightening, and the recovery of foreign currency inflows. … 02 September 2026
Climate change Climate change and international tourist loyalty: new evidence for Spain 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. David Cesar Heymann Eduard Alcobé Garcia 15 July 2026
Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening The provisional agreement between the US and Iran reached mid-month, which extended the military truce and allowed the gradual reopening of the Strait of Hormuz, triggered one of the sharpest drops in oil prices in recent years. This led to a significant decline in… CaixaBank Research 15 July 2026
World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026
Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026
Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026
Sectorial ReportReal Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
The global economy in search of a new balance José Ramón Díez Head of International Economics & Markets
Climate change Climate change and international tourist loyalty: new evidence for Spain David Cesar Heymann Eduard Alcobé Garcia 15 July 2026
Financial markets outlook The reopening of Hormuz supports markets despite monetary tightening CaixaBank Research 15 July 2026
Spain's outlook The Spanish economy at a crossroads: slowdown or recovery? CaixaBank Research 14 July 2026
World outlook The US-Iran agreement alleviates adverse scenarios for the international economy CaixaBank Research 14 July 2026
Tourism From the weekday set menu to Saturday night: weekly consumption patterns in Spanish restaurants Pedro Álvarez Ondina Eduard Alcobé Garcia 14 July 2026
Investment Europe needs to channel its high savings into productive investments Rita Sánchez Soliva 14 July 2026