El entorno macrofinanciero detrás del escenario económico Mercados financieros CaixaBank Research Mar, 10/03/2026 - 17:58
Qué esperar de la economía internacional en 2026 Economía internacional Rita Sánchez Soliva Mar, 10/03/2026 - 17:59
Financial Markets Daily Report 12 March 2026 During yesterday's session, market volatility continued to be elevated as the conflict in the Middle East approached its third week. Energy prices continued to rise as tensions intensified in the Strait of Hormuz, despite the International Energy Agency announcing the record release of 400 million barrels from their oil reserves, which investors see as insufficient. Spain's outlook The Spanish economy faces 2026 with optimism The Spanish economy successfully navigated the trade and geopolitical tensions affecting the global environment in 2025, achieving growth of 2.8%. This figure clearly surpasses both our forecast at the start of year, which was 2.3%, and the euro area’s growth, which stood… CaixaBank Research 13 February 2026 Opinion Dynamic, balanced and sustainable growth The Spanish economy continues to advance at a dynamic pace. For several years now, it has maintained relatively high growth, both from a historical perspective and in comparison with most developed economies. Oriol Aspachs 13 February 2026 World outlook Global stability: superficial mirage or structural strength? The latest update of the IMF's World Economic Outlook highlights stable growth expectations for the global economy (GDP +3.3% in 2026 and 3.2% in 2027). Technological dynamism, particularly investment related to AI, continues to sustain economic activity, especially in… CaixaBank Research 13 February 2026 Opinion Reality or fiction? The answer lies in the data It is becoming increasingly difficult to ignore the noise caused by the geopolitical context and focus on the signal coming from macroeconomic data. The sense of vulnerability is heightened by the unpredictability surrounding the pace of change in the old international… José Ramón Díez 12 February 2026 Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026 Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026 International India 12 February 2026 Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026 Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026 Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026 Publications Monthly ReportFebruary 2026 | No. 50810 February 2026 Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 SpainSpain’s Macroeconomic & Financial Outlook11 March 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportReal Estate. The Spanish real estate sector is in full expansionary phase S2 2025 Sectorial ReportSectoral Observatory S1 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Dynamic, balanced and sustainable growth Oriol Aspachs Head of Spanish Economics Key points of the month Reality or fiction? The answer lies in the data José Ramón Díez Head of International Economics & Markets Recommended Spain's outlook The Spanish economy faces 2026 with optimism CaixaBank Research 13 February 2026 Opinion Dynamic, balanced and sustainable growth Oriol Aspachs 13 February 2026 World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026 Opinion Reality or fiction? The answer lies in the data José Ramón Díez 12 February 2026 Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026 Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026 Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026 Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026 Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026Most readTreasury funding needs in 2026: high but manageable thanks to strong demandThere are reasons why housing has become the top concern among European citizensSpain’s Macroeconomic & Financial OutlookBusiness turnover, a structural challenge for Spain’s catering sectorThe Spanish economy faces 2026 with optimism NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Reactivation or deceleration? Climate change & green transition Podcasts De la macro a la micro: los datos de alta frecuencia al servicio de la economía 24/02/2026 Forecasts Financial markets Interest rate (%)Update date 10-03-20262024202520262027 Fed Funds 4.25 3.50 3.00 3.00 ECB Refi 3.24 2.15 2.15 2.15 Macroeconomic GDP (%)Update date 10-03-20262024202520262027 Euro area GDP 0.8 1.5 1.3 1.5 Spain GDP 3.5 2.8 2.4 2.0 US GDP 2.8 2.2 2.6 2.0 Team Mar Bisquert PerlesData scientist Josep Mestres DomènechLead economist Léopold JouvenEconomist José Antonio Sánchez PalominoData scientist Imelda EstebanSenior economist Luís Pinheiro de MatosEconomist José Ramón DíezHead of International Economics & Markets Meet us Nuria BustamanteLead economist Javier Ibáñez de Aldecoa FusterEconomist Eduard Alcobé GarciaData scientist Ana Rincón GarcíaOrganization David Martínez TuréganoSenior economist Sergio DíazEconomist Rita Sánchez SolivaEconomist Meet us Roser FerrerSenior economist Jesús ViscarriOrganization Adrià Morron SalmeronLead economist Catalina BecuResearch assistant Oriol AspachsHead of Spanish Economics Judit Montoriol GarrigaLead economist Alberto GrazianoSenior Data Scientist Meet us Carolina CruzOrganization Oriol Carreras BaquerSenior economist María Romero MeléndezEconomista Maitane LizarragaAnalyst Isabela Lara WhiteEconomist Javier García ArenasSenior economist Beatriz Villafranca SerranoEconomist Meet us Marina Tombas SuñéData Scientist Mireia CrusellsAnalyst Pedro Álvarez OndinaEconomist Sandra Jódar RosellDirector of Strategic Planning Ana María PorrasOrganization Ariadna Vidal MartínezLead economist Zoel Martín VilatóEconomist Meet us David del ValSenior economist Enric FernándezChief Economist David Cesar HeymannEconomist Patricia EstebanCommunication Jesús Manuel Carrera MorenoResearch assistant Meet usPrint
Spain's outlook The Spanish economy faces 2026 with optimism The Spanish economy successfully navigated the trade and geopolitical tensions affecting the global environment in 2025, achieving growth of 2.8%. This figure clearly surpasses both our forecast at the start of year, which was 2.3%, and the euro area’s growth, which stood… CaixaBank Research 13 February 2026
Opinion Dynamic, balanced and sustainable growth The Spanish economy continues to advance at a dynamic pace. For several years now, it has maintained relatively high growth, both from a historical perspective and in comparison with most developed economies. Oriol Aspachs 13 February 2026
World outlook Global stability: superficial mirage or structural strength? The latest update of the IMF's World Economic Outlook highlights stable growth expectations for the global economy (GDP +3.3% in 2026 and 3.2% in 2027). Technological dynamism, particularly investment related to AI, continues to sustain economic activity, especially in… CaixaBank Research 13 February 2026
Opinion Reality or fiction? The answer lies in the data It is becoming increasingly difficult to ignore the noise caused by the geopolitical context and focus on the signal coming from macroeconomic data. The sense of vulnerability is heightened by the unpredictability surrounding the pace of change in the old international… José Ramón Díez 12 February 2026
Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026
Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026
Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026
Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026
Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Reality or fiction? The answer lies in the data José Ramón Díez Head of International Economics & Markets
World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026
Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026
Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026
Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026
Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026
Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026