The EU’s difficult farewell to Russian energy International economy María Romero Meléndez Thu, 07/03/2025 - 13:52
Resumen ejecutivo: El sector turístico español se modera tras años de expansión acelerada Judit Montoriol Garriga Mié, 02/07/2025 - 09:02
Tariff tensions and reconfiguration of trade flows: impact on Spain David Martínez Turégano Judit Montoriol Garriga Tue, 07/01/2025 - 10:39
Financial Markets Daily Report 16 July 2025 US headline inflation rose to 2.7% (2.4% in May) and core inflation rose 0.1pp to 2.9%. A detailed breakdown showed prices have begun to rise in some goods categories, suggesting tariffs are beginning to impact. Investors pushed expectations of the first rate cut from September to October, and Treasury yields rose along the curve. The dollar slightly strengthened. Consumption The economic impact of the blackout in detail We expand on the assessment of the economic impact of the blackout on 28 April in Spain by taking a cross-section by sector and autonomous community region, based on the analysis of internal CaixaBank data. Josep Mestres Domènech Zoel Martín Vilató 18 June 2025 Opinion Hegemonic stability in times of change Is the Trump administration’s strategic shift compatible with the United States’ role as a guarantor of the international economic equilibrium? José Ramón Díez 12 June 2025 Opinion The Spanish economy holds up This month, we have updated our forecast scenario for the Spanish economy. Although we now expect growth to be slightly lower than previously anticipated, the message remains broadly positive and there are several elements sustaining the Spanish economy’s dynamic growth. … Oriol Aspachs 12 June 2025 Federal Reserve (Fed) What are the implications of the Fed slowing down its balance sheet reduction process? During the years of expansionary monetary policy, the Federal Reserve embarked on an asset purchase programme aimed at injecting liquidity into the economy and stimulating it, with its assets peaking at 35% of US GDP in mid-2022. The inflationary crisis required a… Isabela Lara White Antonio Marta Miranda 13 June 2025 Labour market & demographics A changing European labour market: the role of immigration and new jobs Active training policies, as well as the ability to attract talent in sectors with the greatest shortage of skilled personnel, will be key if the EU is to make progress in innovation and competitiveness and avoid falling behind its main competitors. María Romero Meléndez 16 June 2025 Spain La Rioja 16 July 2025 Spain Basque Country 07 July 2025 Financial markets outlook Uncertainty over economic policy continues to steer investor mood CaixaBank Research 16 June 2025 World outlook Trump’s announcements detract from the economic indicators CaixaBank Research 16 June 2025 Activity & growth New economic scenario: The world holds its breath over Trump’s tariffs Rita Sánchez Soliva 13 June 2025 Spain's outlook Spain: much ado about nothing, for now CaixaBank Research 16 June 2025 Publications Sectorial ReportSectoral Observatory S1 2025 Monthly ReportJune 2025 | No. 50117 June 2025 SpainSpain’s Macroeconomic & Financial Outlook14 July 2025 PortugalPortugal’s Macroeconomic & Financial Outlook14 July 2025 Sectorial ReportReal Estate. The expansive cycle takes hold S1 2025 Sectorial ReportTourism. The Spanish tourism sector: no signs of cyclical exhaustion S1 2025 Sectorial ReportAgrifood. Spain’s agrifood sector enjoys a revival 2024 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Public finances (also) in the spotlight Oriol Aspachs Head of Spanish Economics Key points of the month Tariffs and strategic dependencies: two sides of the same coin José Ramón Díez Head of International Economics & Markets Recommended Emerging economies India vs. China: a growth perspective Luís Pinheiro de Matos Antonio Marta Miranda 16 July 2025 Portugal outlook Portugal: solid activity, albeit with obstacles ahead CaixaBank Research 16 July 2025 Opinion Tariffs and strategic dependencies: two sides of the same coin José Ramón Díez 15 July 2025 Opinion Public finances (also) in the spotlight Oriol Aspachs 15 July 2025 Spain's outlook The Spanish economy makes steady progress in a context of uncertainty CaixaBank Research 15 July 2025 Foreign sector Is technology and complexity exported from Spain? Anna Bahí Esteba 15 July 2025 Productivity Is the recent pattern of employment growth beneficial for Spain’s productivity? Oriol Carreras Baquer 15 July 2025 Foreign sector Import dependencies and competitive emergencies for Europe’s industry David Martínez Turégano 03 July 2025 Commodities The EU’s difficult farewell to Russian energy María Romero Meléndez 03 July 2025Most readIs technology and complexity exported from Spain?Tariffs and strategic dependencies: two sides of the same coinPublic finances (also) in the spotlightIs the recent pattern of employment growth beneficial for Spain’s productivity?India vs. China: a growth perspective NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Real-Time Economics Climate change & green transition Podcasts Más allá de los aranceles: previsiones ajustadas, expansión inmobiliaria y resiliencia exportadora 19/06/2025 Forecasts Financial markets Interest rate (%)Update date 11-07-2025 Macroeconomic GDP (%)Update date 11-07-2025 Team María Romero MeléndezEconomista Ana María PorrasOrganization Patricia EstebanCommunication David Cesar HeymannEconomist Judit Montoriol GarrigaLead economist Eduard Alcobé GarciaData scientist Mar Bisquert PerlesData scientist Meet us Jesús ViscarriOrganization Roser FerrerSenior economist Mireia CrusellsAnalyst David Martínez TuréganoEconomist Javier Ibáñez de Aldecoa FusterEconomist Beatriz Villafranca SerranoEconomist Anna Bahí EstebaResearch Assistant Meet us Rita Sánchez SolivaEconomist Nuria BustamanteLead economist Adrià Morron SalmeronLead economist Sandra Jódar RosellDirector of Strategic Planning Josep Mestres DomènechLead economist Luís Pinheiro de MatosEconomist David del ValSenior economist Meet us Isabela Lara WhiteEconomist José Ramón DíezHead of International Economics & Markets Oriol AspachsHead of Spanish Economics Carolina CruzOrganization Ana Rincón GarcíaOrganization Javier García ArenasSenior economist Léopold JouvenEconomist Meet us Antonio Marta MirandaResearch assistant Ariadna Vidal MartínezLead economist José Antonio Sánchez PalominoData scientist Imelda EstebanSenior economist Maitane LizarragaAnalyst Sergio DíazEconomist Pedro Álvarez OndinaEconomist Meet us Enric FernándezChief Economist Zoel Martín VilatóEconomist Alberto GrazianoSenior Data Scientist Oriol Carreras BaquerSenior economist Meet usPrint
Consumption The economic impact of the blackout in detail We expand on the assessment of the economic impact of the blackout on 28 April in Spain by taking a cross-section by sector and autonomous community region, based on the analysis of internal CaixaBank data. Josep Mestres Domènech Zoel Martín Vilató 18 June 2025
Opinion Hegemonic stability in times of change Is the Trump administration’s strategic shift compatible with the United States’ role as a guarantor of the international economic equilibrium? José Ramón Díez 12 June 2025
Opinion The Spanish economy holds up This month, we have updated our forecast scenario for the Spanish economy. Although we now expect growth to be slightly lower than previously anticipated, the message remains broadly positive and there are several elements sustaining the Spanish economy’s dynamic growth. … Oriol Aspachs 12 June 2025
Federal Reserve (Fed) What are the implications of the Fed slowing down its balance sheet reduction process? During the years of expansionary monetary policy, the Federal Reserve embarked on an asset purchase programme aimed at injecting liquidity into the economy and stimulating it, with its assets peaking at 35% of US GDP in mid-2022. The inflationary crisis required a… Isabela Lara White Antonio Marta Miranda 13 June 2025
Labour market & demographics A changing European labour market: the role of immigration and new jobs Active training policies, as well as the ability to attract talent in sectors with the greatest shortage of skilled personnel, will be key if the EU is to make progress in innovation and competitiveness and avoid falling behind its main competitors. María Romero Meléndez 16 June 2025
Financial markets outlook Uncertainty over economic policy continues to steer investor mood CaixaBank Research 16 June 2025
World outlook Trump’s announcements detract from the economic indicators CaixaBank Research 16 June 2025
Activity & growth New economic scenario: The world holds its breath over Trump’s tariffs Rita Sánchez Soliva 13 June 2025
Tariffs and strategic dependencies: two sides of the same coin José Ramón Díez Head of International Economics & Markets
Emerging economies India vs. China: a growth perspective Luís Pinheiro de Matos Antonio Marta Miranda 16 July 2025
Portugal outlook Portugal: solid activity, albeit with obstacles ahead CaixaBank Research 16 July 2025
Spain's outlook The Spanish economy makes steady progress in a context of uncertainty CaixaBank Research 15 July 2025
Productivity Is the recent pattern of employment growth beneficial for Spain’s productivity? Oriol Carreras Baquer 15 July 2025
Foreign sector Import dependencies and competitive emergencies for Europe’s industry David Martínez Turégano 03 July 2025