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 04 March 2026 Elevated volatility persisted as the Middle East conflict intensified, heightening concerns over sustained disruptions to energy supplies. Brent crude advanced to USD 85/barrel and TTF natural gas rose above EUR 55/MWh (briefly nearing EUR 60 intra-session), up roughly 25% and 100%, respectively, since mid-February. Global equities experienced a sharp sell-off, with Asian and European markets underperforming US indices. 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 demandBusiness turnover, a structural challenge for Spain’s catering sectorThe Spanish economy faces 2026 with optimismThere are reasons why housing has become the top concern among European citizensHours worked and productivity: is Spain an outlier in the EU? NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Monetary and fiscal policy Fundamentals of growth in Spain 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 Ana María PorrasOrganization Nuria BustamanteLead economist Jesús Manuel Carrera MorenoResearch assistant Jesús ViscarriOrganization Isabela Lara WhiteEconomist Marina Tombas SuñéData Scientist Pedro Álvarez OndinaEconomist Meet us Oriol AspachsHead of Spanish Economics Ana Rincón GarcíaOrganization Enric FernándezChief Economist David Martínez TuréganoSenior economist Beatriz Villafranca SerranoEconomist Catalina BecuResearch assistant Judit Montoriol GarrigaLead economist Meet us Javier Ibáñez de Aldecoa FusterEconomist Maitane LizarragaAnalyst Roser FerrerSenior economist Mar Bisquert PerlesData scientist José Antonio Sánchez PalominoData scientist Javier García ArenasSenior economist Léopold JouvenEconomist Meet us Sergio DíazEconomist José Ramón DíezHead of International Economics & Markets Patricia EstebanCommunication Sandra Jódar RosellDirector of Strategic Planning María Romero MeléndezEconomista Eduard Alcobé GarciaData scientist Rita Sánchez SolivaEconomist Meet us Ariadna Vidal MartínezLead economist Oriol Carreras BaquerSenior economist Luís Pinheiro de MatosEconomist Mireia CrusellsAnalyst David del ValSenior economist Carolina CruzOrganization Adrià Morron SalmeronLead economist Meet us David Cesar HeymannEconomist Josep Mestres DomènechLead economist Zoel Martín VilatóEconomist Alberto GrazianoSenior Data Scientist Imelda EstebanSenior economist 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