Deficit and debt on the rise: the future of the US’ public finances International economy Isabela Lara White September 17th, 2024
Las claves del enfriamiento del mercado laboral estadounidense Economía internacional Isabela Lara White October 9th, 2024
Financial Markets Daily Report 11 October 2024 Thursday's trading was driven by two US data points: September inflation, which came in slightly higher than expected, and weekly jobless claims, which came in higher than expected, indicating some weakness in the labour market. The debate on the Fed's next move was further fueled by Fed's Barkin words saying it was too soon to declare victory over inflation. Globalisation The decoupling of the US and China accentuates the fragmentation of the global economy The data from recent quarters show growing evidence of two major phenomena: the slowdown in the trade of goods, but not in services, and the growing fragmentation of global trade and production. At the epicentre of it all is China, with its increasingly key role in global… David del Val 25 September 2024 United States of America Deficit and debt on the rise: the future of the US’ public finances The CBO’s report published in June reveals that, in the absence of any substantial changes in fiscal policy, the US’ public accounts are set to deteriorate significantly over the coming decade: by 2034 the deficit would represent 7% of GDP, well above the historical level… Isabela Lara White 17 September 2024 Portugal How is Portugal’s household wealth distributed? The wealth of Portuguese households has increased in recent years and the distribution by level of wealth or employment status shows little difference with respect to the euro area. However, the proportion of liabilities that are borne by the less wealthy half of the… Teresa Gil Pinheiro 16 September 2024 Investment Capital investment in Spain: comparison versus the euro area In this first article in a series of two, we review the recent trends in capital investment in Spain and make a comparison with the rest of the euro area. In a second article in this same Monthly Report, we investigate the incentives for investing, based on an analysis of… Oriol Carreras Baquer 20 September 2024 Investment Spanish firms’ profitability and financing costs In our previous article dedicated to analysing the evolution of investment in Spain, we focused on describing the pattern of investment by type of asset and by sector, and on comparing it with the euro area. In this second article, we want to focus on incentives for… Oriol Carreras Baquer 16 September 2024 Savings The factors driving Spanish household savings Javier García Arenas 17 September 2024 Inflation The dynamics of services inflation in Spain Zoel Martín Vilató 16 September 2024 Real estate How is climate change impacting the Spanish real estate sector? David Cesar Heymann 09 September 2024 Real estate The mismatch between supply and demand determines the behaviour of Spain’s real estate market Pedro Álvarez Ondina 09 September 2024 Publications Monthly ReportSeptember 2024 | No. 49225 September 2024 Sectorial ReportReal Estate. Strong demand and short supply shape the sector S2 2024 SpainSpain’s Macroeconomic & Financial Outlook10 September 2024 Sectorial ReportTourism. Sustainable growth: the challenge of Spain’s tourism sector S2 2024 Sectorial ReportSectoral Observatory 2024 PortugalPortugal’s Macroeconomic & Financial Outlook12 September 2024 Sectorial ReportAgrifood. The sector is making headway despite adverse conditions 2023 Sectorial ReportManufacturing Industry 2023 Opinion Editorial We are where we left off Oriol Aspachs Head of Spanish Economics Key points of the month Summer storms and underlying trends José Ramón Díez Head of International Economics & Markets Recommended Globalisation The decoupling of the US and China accentuates the fragmentation of the global economy David del Val 25 September 2024 World outlook With inflation relatively under control on the international stage, the focus is now on growth CaixaBank Research 20 September 2024 Financial markets outlook Volatile summer for the financial markets CaixaBank Research 20 September 2024 Investment Capital investment in Spain: comparison versus the euro area Oriol Carreras Baquer 20 September 2024 Spain's outlook Spain: strong growth outlook, albeit more moderate than in the first half CaixaBank Research 17 September 2024 United States of America Deficit and debt on the rise: the future of the US’ public finances Isabela Lara White 17 September 2024 Savings The factors driving Spanish household savings Javier García Arenas 17 September 2024 Opinion Summer storms and underlying trends José Ramón Díez 17 September 2024 Opinion We are where we left off Oriol Aspachs 16 September 2024Most readNew economic outlook: Spain’s economy once again surpasses expectationsDeficit and debt on the rise: the future of the US’ public financesWhat is going on with Chinese consumers?Outlook for the Spanish economy in 2024: a year full of challengesSpain’s tourism sector will continue to grow rapidly in 2024-2025 NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Inflationary pressures Fundamentals of growth in Spain Podcasts Todo lo que necesitas saber sobre economía internacional para empezar bien el otoño 26/09/2024 Forecasts Financial markets Interest rate (%)Update date 11-09-2024 Macroeconomic GDP (%)Update date 11-09-2024 Team Javier Ibáñez de Aldecoa FusterEconomist José Ramón DíezHead of International Economics & Markets Mireia CrusellsAnalyst Oriol Carreras BaquerSenior economist María Romero MeléndezEconomista Sergio DíazEconomist Enric FernándezChief Economist Meet us Josep Mestres DomènechSenior economist Maitane LizarragaAnalyst Eduard Alcobé GarciaData scientist Judit Montoriol GarrigaLead economist Oriol AspachsHead of Spanish Economics Zoel Martín VilatóEconomist Isabella Castillo HernándezResearch assistant Meet us Luís Pinheiro de MatosEconomist Nuria BustamanteLead economist Adrià Morron SalmeronLead economist Roser FerrerSenior economist Javier García ArenasSenior economist David Cesar HeymannEconomist Beatriz Villafranca SerranoEconomist Meet us Ariadna Vidal MartínezLead economist Ana Rincón GarcíaOrganization Jesús ViscarriOrganization Pedro Álvarez OndinaEconomist Alberto GrazianoSenior Data Scientist Mar Bisquert PerlesData scientist Sandra Jódar RosellDirector of Strategic Planning Meet us Patricia EstebanCommunication Léopold JouvenAnalyst Carolina CruzOrganization José Antonio Sánchez PalominoData scientist Rita Sánchez SolivaEconomist Isabela Lara WhiteEconomist David del ValSenior economist Meet us Ana María PorrasOrganization Imelda EstebanSenior economist Meet usPrint
Globalisation The decoupling of the US and China accentuates the fragmentation of the global economy The data from recent quarters show growing evidence of two major phenomena: the slowdown in the trade of goods, but not in services, and the growing fragmentation of global trade and production. At the epicentre of it all is China, with its increasingly key role in global… David del Val 25 September 2024
United States of America Deficit and debt on the rise: the future of the US’ public finances The CBO’s report published in June reveals that, in the absence of any substantial changes in fiscal policy, the US’ public accounts are set to deteriorate significantly over the coming decade: by 2034 the deficit would represent 7% of GDP, well above the historical level… Isabela Lara White 17 September 2024
Portugal How is Portugal’s household wealth distributed? The wealth of Portuguese households has increased in recent years and the distribution by level of wealth or employment status shows little difference with respect to the euro area. However, the proportion of liabilities that are borne by the less wealthy half of the… Teresa Gil Pinheiro 16 September 2024
Investment Capital investment in Spain: comparison versus the euro area In this first article in a series of two, we review the recent trends in capital investment in Spain and make a comparison with the rest of the euro area. In a second article in this same Monthly Report, we investigate the incentives for investing, based on an analysis of… Oriol Carreras Baquer 20 September 2024
Investment Spanish firms’ profitability and financing costs In our previous article dedicated to analysing the evolution of investment in Spain, we focused on describing the pattern of investment by type of asset and by sector, and on comparing it with the euro area. In this second article, we want to focus on incentives for… Oriol Carreras Baquer 16 September 2024
Real estate How is climate change impacting the Spanish real estate sector? David Cesar Heymann 09 September 2024
Real estate The mismatch between supply and demand determines the behaviour of Spain’s real estate market Pedro Álvarez Ondina 09 September 2024
Globalisation The decoupling of the US and China accentuates the fragmentation of the global economy David del Val 25 September 2024
World outlook With inflation relatively under control on the international stage, the focus is now on growth CaixaBank Research 20 September 2024
Financial markets outlook Volatile summer for the financial markets CaixaBank Research 20 September 2024
Investment Capital investment in Spain: comparison versus the euro area Oriol Carreras Baquer 20 September 2024
Spain's outlook Spain: strong growth outlook, albeit more moderate than in the first half CaixaBank Research 17 September 2024
United States of America Deficit and debt on the rise: the future of the US’ public finances Isabela Lara White 17 September 2024