Australia
The Australian economy lost some momentum in Q3, with real GDP growth of 0.4% quarter-on-quarter (vs. 0.7% in Q2), slightly below the 0.6% anticipated by the Reserve Bank of Australia (RBA), and the year-on-year rate rose by 0.1% to 2.1% (due to the upgrade of the…
Navarre AC
In 2025, Navarre AC’s economy is performing slightly more modestly than on average in Spain: we estimate GDP growth of 2.7% (2.9% in Spain). Growth is being constrained by weak exports and industrial activity, two key drivers for the region. Domestic tourism, consumption…
Key points of the month
Geopolitics and artificial intelligence: a new race for global hegemony
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Financial markets
Interest rate (%)
Update date 12-01-2026
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Fed Funds | 5.25 | 4.25 | 3.50 | 3.00 |
| ECB Refi | 4.50 | 3.24 | 2.15 | 2.15 |
Macroeconomic
GDP (%)
Update date 12-01-2026
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Euro area GDP | 1.1 | 0.9 | 1.3 | 1.2 |
| Spain GDP | 2.5 | 3.5 | 2.9 | 2.1 |
| US GDP | 2.9 | 2.8 | 1.8 | 1.9 |
