China’s alchemy: how it transforms critical minerals into global power International economy Luís Pinheiro de Matos Thu, 01/15/2026 - 13:16
Business turnover, a structural challenge for Spain’s catering sector Spanish economy Pedro Álvarez Ondina Wed, 02/11/2026 - 14:13
Treasury funding needs in 2026: high but manageable thanks to strong demand Spanish economy Javier García Arenas Wed, 02/11/2026 - 12:42
Financial Markets Daily Report 03 March 2026 Yesterday's session showed sharp risk-off moves amid escalating Middle East tensions, with volatility picking up across assets. Brent rose to $77/barrel (briefly touching $80 during the day) and European natural gas climbed to EUR 44/MWh. Equities sold-off in Asia (-1%) and the euro area (-2%), while US markets showed relative resilience. The US dollar strengthened, gold advanced, and sovereign yields moved higher globally as investors moved into safe-have assets. 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 Outlook13 February 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 citizensBusiness turnover, a structural challenge for Spain’s catering sectorThe Spanish economy faces 2026 with optimismHours worked and productivity: is Spain an outlier in the EU? NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Real-Time Economics Reactivation or deceleration? 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 09-02-20262023202420252026 Fed Funds 5.25 4.25 3.50 3.00 ECB Refi 4.50 3.24 2.15 2.15 Macroeconomic GDP (%)Update date 09-02-20262023202420252026 Euro area GDP 1.1 0.9 1.5 1.2 Spain GDP 2.5 3.5 2.8 2.1 US GDP 2.9 2.8 1.8 1.9 Team Adrià Morron SalmeronLead economist Oriol AspachsHead of Spanish Economics Roser FerrerSenior economist Javier Ibáñez de Aldecoa FusterEconomist Ana María PorrasOrganization Zoel Martín VilatóEconomist Beatriz Villafranca SerranoEconomist Meet us Nuria BustamanteLead economist Carolina CruzOrganization Rita Sánchez SolivaEconomist José Antonio Sánchez PalominoData scientist Javier García ArenasSenior economist Léopold JouvenEconomist Sergio DíazEconomist Meet us Imelda EstebanSenior economist Ariadna Vidal MartínezLead economist Mar Bisquert PerlesData scientist Alberto GrazianoSenior Data Scientist José Ramón DíezHead of International Economics & Markets Patricia EstebanCommunication Sandra Jódar RosellDirector of Strategic Planning Meet us Jesús ViscarriOrganization Jesús Manuel Carrera MorenoResearch assistant Eduard Alcobé GarciaData scientist Marina Tombas SuñéData Scientist Enric FernándezChief Economist Judit Montoriol GarrigaLead economist Oriol Carreras BaquerSenior economist Meet us Isabela Lara WhiteEconomist Ana Rincón GarcíaOrganization David Martínez TuréganoSenior economist Mireia CrusellsAnalyst Catalina BecuResearch assistant Pedro Álvarez OndinaEconomist Luís Pinheiro de MatosEconomist Meet us David del ValSenior economist María Romero MeléndezEconomista Josep Mestres DomènechLead economist Maitane LizarragaAnalyst David Cesar HeymannEconomist 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