Global economic outlook and financial conditions: autumn 2026 Financial markets CaixaBank Research Thu, 10/15/2026 - 11:56
The wine sector’s major transformation: adapting to climate change and shifting consumer preferences Pedro Álvarez Ondina Thu, 10/15/2026 - 11:26
Financial Markets Daily Report 23 October 2026 Thursday's session carried a distinctly risk-off tone, driven by tensions in the Middle East and AI investor concerns. Brent oil surged on Saudi Arabian supply disruption fears, and TTF gas rose in tandem with oil prices. Stock markets declined across the board, further dragged by a selloff in technology equities. International Italy The Italian economy performed better than expected in the first half of the year, thanks to highly buoyant household spending and a surge in fixed capital investment, driven by continued strength in the construction sector and strong investment in capital goods. 23 October 2026 International Germany The German economy enjoyed a very positive first half of the year. In fact, GDP grew by 0.4% quarter-on-quarter in Q1 2026 and rose by 0.3% in Q2, despite the sharp increase in energy prices following the outbreak of war in the Middle East. 22 October 2026 Recent developments Spain: 2027 macroeconomic outlook Spain is facing the latest episode of international geopolitical tension from a position of strength, although rising energy costs, tighter financial conditions and a deteriorating international environment will keep inflation high and reduce economic dynamism. All this… Oriol Carreras Baquer 15 October 2026 Financial markets outlook Geopolitics and fiscal policy weigh on financial markets Markets were influenced by the ongoing conflict in Iran and growing concerns about long-term fiscal sustainability. In this context, central banks continued to raise interest rates, although they softened their rhetoric towards the end of the month. Sovereign debt yields… CaixaBank Research 15 October 2026 United States of America Are the midterms important for Trump? And for the US? David Martínez Turégano 15 October 2026 Recent developments Global economic outlook and financial conditions: autumn 2026 CaixaBank Research 15 October 2026 Portugal outlook Higher growth and more inflation in Portugal CaixaBank Research 15 October 2026 Spain's outlook The Spanish economy maintains its momentum, but inflation takes centre stage CaixaBank Research 15 October 2026 World outlook The international economy withstands the shocks, for now CaixaBank Research 15 October 2026 Opinion The new priorities of the post-pandemic economy Oriol Aspachs 14 October 2026 Publications Monthly ReportOctober 2026 | No. 51515 October 2026 Sectorial ReportAgrifood. Cultivating the future: investment, integration and value 2026 SpainSpain’s Macroeconomic & Financial Outlook13 October 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 October 2026 Sectorial ReportSectoral Observatory S1 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 Sectorial ReportManufacturing Industry 2023 Opinion Editorial The price of the new economic equilibrium José Ramón Díez Head of International Economics & Markets Key points of the month The new priorities of the post-pandemic economy Oriol Aspachs Head of Spanish Economics Recommended Recent developments Spain: 2027 macroeconomic outlook Oriol Carreras Baquer 15 October 2026 United States of America Are the midterms important for Trump? And for the US? David Martínez Turégano 15 October 2026 Recent developments Global economic outlook and financial conditions: autumn 2026 CaixaBank Research 15 October 2026 Portugal outlook Higher growth and more inflation in Portugal CaixaBank Research 15 October 2026 Spain's outlook The Spanish economy maintains its momentum, but inflation takes centre stage CaixaBank Research 15 October 2026 Agrifood The wine sector’s major transformation: adapting to climate change and shifting consumer preferences Pedro Álvarez Ondina 15 October 2026 Download File World outlook The international economy withstands the shocks, for now CaixaBank Research 15 October 2026 Agrifood Scale, integration and value: the challenges facing Spain’s agrifood cooperative sector Pedro Álvarez Ondina 15 October 2026 Download File Financial markets outlook Geopolitics and fiscal policy weigh on financial markets CaixaBank Research 15 October 2026Most readThe wine sector’s major transformation: adapting to climate change and shifting consumer preferencesThe new priorities of the post-pandemic economyTrump 2.0 immigration policies: the end of the American Dream?The price of the new economic equilibriumThe high season once again attracts international tourists to Spain NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Climate change & green transition Geopolitics Podcasts Cuando suben los tipos: qué hay detrás de las últimas decisiones de los bancos centrales 28/09/2026 Forecasts Financial markets Interest rate (%)Update date 09-10-20262024202520262027 Fed Funds 4.25 3.50 4.00 3.50 ECB Refi 3.24 2.15 2.90 2.65 Macroeconomic GDP (%)Update date 09-10-20262024202520262027 Euro area GDP 1.1 1.3 1.0 1.4 Spain GDP 3.7 2.6 2.6 2.0 US GDP 3.0 2.3 2.1 1.9 Team Beatriz Villafranca SerranoEconomist Enric FernándezChief Economist Javier García ArenasSenior economist Pedro Álvarez OndinaEconomist José Ramón DíezHead of International Economics & Markets Ana Rincón GarcíaOrganization Oriol AspachsHead of Spanish Economics Meet us Mireia CrusellsAnalyst José Antonio Sánchez PalominoData scientist Adrià Morron SalmeronLead economist Sergio DíazEconomist Patricia EstebanCommunication Josep Mestres DomènechLead economist Mar Bisquert PerlesData scientist Meet us Sandra Jódar RosellDirector of Strategic Planning Alberto GrazianoSenior Data Scientist Ariadna Vidal MartínezLead economist Oriol Carreras BaquerSenior economist María Romero MeléndezEconomista Carolina CruzOrganization Nuria BustamanteLead economist Meet us Aleix Cuevas Bullich Marina Tombas SuñéData Scientist Maitane LizarragaAnalyst Javier Ibáñez de Aldecoa FusterEconomist Imelda EstebanSenior economist David del ValSenior economist Léopold JouvenEconomist Meet us Isabela Lara WhiteEconomist Luís Pinheiro de MatosEconomist Eduard Alcobé GarciaData scientist Roser FerrerSenior economist Judit Montoriol GarrigaLead economist Rita Sánchez SolivaEconomist Zoel Martín VilatóEconomist Meet us David Martínez TuréganoSenior economist Ana María PorrasOrganization Jesús ViscarriOrganization Meet usPrint
International Italy The Italian economy performed better than expected in the first half of the year, thanks to highly buoyant household spending and a surge in fixed capital investment, driven by continued strength in the construction sector and strong investment in capital goods. 23 October 2026
International Germany The German economy enjoyed a very positive first half of the year. In fact, GDP grew by 0.4% quarter-on-quarter in Q1 2026 and rose by 0.3% in Q2, despite the sharp increase in energy prices following the outbreak of war in the Middle East. 22 October 2026
Recent developments Spain: 2027 macroeconomic outlook Spain is facing the latest episode of international geopolitical tension from a position of strength, although rising energy costs, tighter financial conditions and a deteriorating international environment will keep inflation high and reduce economic dynamism. All this… Oriol Carreras Baquer 15 October 2026
Financial markets outlook Geopolitics and fiscal policy weigh on financial markets Markets were influenced by the ongoing conflict in Iran and growing concerns about long-term fiscal sustainability. In this context, central banks continued to raise interest rates, although they softened their rhetoric towards the end of the month. Sovereign debt yields… CaixaBank Research 15 October 2026
United States of America Are the midterms important for Trump? And for the US? David Martínez Turégano 15 October 2026
Recent developments Global economic outlook and financial conditions: autumn 2026 CaixaBank Research 15 October 2026
Spain's outlook The Spanish economy maintains its momentum, but inflation takes centre stage CaixaBank Research 15 October 2026
World outlook The international economy withstands the shocks, for now CaixaBank Research 15 October 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
United States of America Are the midterms important for Trump? And for the US? David Martínez Turégano 15 October 2026
Recent developments Global economic outlook and financial conditions: autumn 2026 CaixaBank Research 15 October 2026
Spain's outlook The Spanish economy maintains its momentum, but inflation takes centre stage CaixaBank Research 15 October 2026
Agrifood The wine sector’s major transformation: adapting to climate change and shifting consumer preferences Pedro Álvarez Ondina 15 October 2026 Download File
World outlook The international economy withstands the shocks, for now CaixaBank Research 15 October 2026
Agrifood Scale, integration and value: the challenges facing Spain’s agrifood cooperative sector Pedro Álvarez Ondina 15 October 2026 Download File
Financial markets outlook Geopolitics and fiscal policy weigh on financial markets CaixaBank Research 15 October 2026