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 22 October 2026 Sovereign bond markets remained under pressure as investors grappled with persistent inflation risks, higher energy prices and uncertainty surrounding the AI-driven growth story. US Treasury yields stayed elevated while in Europe peripheral spreads widened further amid fiscal concerns, with French yields hitting the 5% threshold for the first time since 2002, while UK gilt yields rose after stronger-than-expected inflation data. 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 United States of America Are the midterms important for Trump? And for the US? On 3 November, Americans will return to the polls to renew the entire House of Representatives and one-third of the Senate, the two chambers in which the Republican Party secured a majority in 2024. Although Donald Trump will not appear on the ballot, these elections… David Martínez Turégano 15 October 2026 Recent developments Global economic outlook and financial conditions: autumn 2026 Economic activity thus faces an outlook with higher energy prices, higher interest rates and higher inflation. At the same time, financial conditions as a whole are less restrictive than they might appear, thanks to the counterbalance provided by the strong performance of… 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 Financial markets outlook Geopolitics and fiscal policy weigh on financial markets CaixaBank Research 15 October 2026 Tourism The high season once again attracts international tourists to Spain Pedro Álvarez Ondina 14 October 2026 United States of America Trump 2.0 immigration policies: the end of the American Dream? David Martínez Turégano 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 Manufacturing Industry 2023Content available in catalan spanish 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 economyThe high season once again attracts international tourists to SpainTrump 2.0 immigration policies: the end of the American Dream?The price of the new economic equilibrium NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Geopolitics Digitalisation & Technology 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 Maitane LizarragaAnalyst Carolina CruzOrganization Rita Sánchez SolivaEconomist José Ramón DíezHead of International Economics & Markets Javier García ArenasSenior economist Enric FernándezChief Economist Aleix Cuevas Bullich Meet us Ana María PorrasOrganization Alberto GrazianoSenior Data Scientist Eduard Alcobé GarciaData scientist Pedro Álvarez OndinaEconomist Luís Pinheiro de MatosEconomist Adrià Morron SalmeronLead economist Sandra Jódar RosellDirector of Strategic Planning Meet us María Romero MeléndezEconomista Zoel Martín VilatóEconomist Oriol AspachsHead of Spanish Economics Judit Montoriol GarrigaLead economist Oriol Carreras BaquerSenior economist Patricia EstebanCommunication Ana Rincón GarcíaOrganization Meet us José Antonio Sánchez PalominoData scientist David Martínez TuréganoSenior economist Mireia CrusellsAnalyst Ariadna Vidal MartínezLead economist Isabela Lara WhiteEconomist Léopold JouvenEconomist Mar Bisquert PerlesData scientist Meet us Beatriz Villafranca SerranoEconomist Josep Mestres DomènechLead economist Roser FerrerSenior economist Nuria BustamanteLead economist Jesús ViscarriOrganization Imelda EstebanSenior economist Javier Ibáñez de Aldecoa FusterEconomist Meet us Sergio DíazEconomist David del ValSenior economist Marina Tombas SuñéData Scientist Meet usPrint
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
United States of America Are the midterms important for Trump? And for the US? On 3 November, Americans will return to the polls to renew the entire House of Representatives and one-third of the Senate, the two chambers in which the Republican Party secured a majority in 2024. Although Donald Trump will not appear on the ballot, these elections… David Martínez Turégano 15 October 2026
Recent developments Global economic outlook and financial conditions: autumn 2026 Economic activity thus faces an outlook with higher energy prices, higher interest rates and higher inflation. At the same time, financial conditions as a whole are less restrictive than they might appear, thanks to the counterbalance provided by the strong performance of… 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
Financial markets outlook Geopolitics and fiscal policy weigh on financial markets CaixaBank Research 15 October 2026
Tourism The high season once again attracts international tourists to Spain Pedro Álvarez Ondina 14 October 2026
United States of America Trump 2.0 immigration policies: the end of the American Dream? David Martínez Turégano 14 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