Trump’s policies, the main question mark surrounding the global economic outlook Financial markets Rita Sánchez Soliva March 17th, 2025
El ciclo expansivo del mercado inmobiliario se extiende por la geografía española Judit Montoriol Garriga March 17th, 2025
New economic scenario: prudent optimism in a context of uncertainty Spanish economy Oriol Carreras Baquer Zoel Martín Vilató March 17th, 2025
Financial Markets Daily Report 21 March 2025 Correction session for the markets, characterised by nervousness ahead of the looming tariff threat on April 2nd, as referenced by central banks, and an upcoming corporate earnings season that may begin to reflect these concerns in companies' forecasts. NGEU NGEU funds: what is the status of their implementation at the European level? Almost five years have passed since the historic agreements to finance the EU’s largest joint economic stimulus programme were reached. The Next Generation EU (NGEU) funds were designed with the dual target of helping to overcome, in the short term, the adverse effects of… David Martínez Turégano 18 March 2025 NGEU NGEU funds: what can we say about their impact and future challenges? Unlike the process of tracking the achievement of the milestones and targets laid out in the Recovery and Resilience Plans (RRPs), assessing where we are in their implementation becomes more complicated when we try to quantify their macroeconomic impact and their… David Martínez Turégano 18 March 2025 NGEU How the NGEU funds are going in Spain: bread for today and hope for tomorrow To date, Spain has already complied with 70% of the reforms set out in the Plan, but only with 15% of the investments, partly because of the Plan’s very nature, which places more emphasis on the reforms in the first few years, and partly due to some initial delays in the… Javier García Arenas 17 March 2025 NGEU Beyond NGEU: investments in Europe to adapt to and survive in the new times The NGEU funds and the national investment programmes in Germany and France are the result of a long process of changes in the big economic blocs, accelerated by COVID and the war in Ukraine. These efforts seek to redefine and adapt production models to the energy… Rita Sánchez Soliva 18 March 2025 NGEU US: A model of economic transformation very different from Europe’s In the US, two major economic investment and modernisation plans have been launched in recent years which represent a very different model from the European one, with a more protectionist approach. The transformative efforts in energy and technology did not arise from the… Isabela Lara White 18 March 2025 Opinion The times are changing José Ramón Díez 14 March 2025 Recent developments Trump’s policies, the main question mark surrounding the global economic outlook Rita Sánchez Soliva 17 March 2025 China Inflation in China: in which direction will the snake creep? Luís Pinheiro de Matos 17 March 2025 Recent developments The limits of uncertainty Oriol Aspachs 14 March 2025 Recent developments New economic scenario: prudent optimism in a context of uncertainty Oriol Carreras Baquer Zoel Martín Vilató 17 March 2025 Foreign sector Excellent records in the foreign sector in 2024 Sergio Díaz Anna Bahí Esteba 17 March 2025 Publications Monthly ReportNo. 498| The transformative capacity of NGEU and other fiscal stimulus plans March 2025 SpainSpain’s Macroeconomic & Financial Outlook11 March 2025 Sectorial ReportTourism. The Spanish tourism sector: no signs of cyclical exhaustion S1 2025 Sectorial ReportSectoral Observatory S2 2024 Sectorial ReportAgrifood. Spain’s agrifood sector enjoys a revival 2024 PortugalPortugal’s Macroeconomic & Financial Outlook12 March 2025 Sectorial ReportReal Estate. Strong demand and short supply shape the sector S2 2024 Sectorial ReportManufacturing Industry 2023 Opinion Editorial The limits of uncertainty Oriol Aspachs Head of Spanish Economics Key points of the month The times are changing José Ramón Díez Head of International Economics & Markets Recommended NGEU US: A model of economic transformation very different from Europe’s Isabela Lara White 18 March 2025 NGEU Beyond NGEU: investments in Europe to adapt to and survive in the new times Rita Sánchez Soliva 18 March 2025 NGEU NGEU funds: what can we say about their impact and future challenges? David Martínez Turégano 18 March 2025 NGEU NGEU funds: what is the status of their implementation at the European level? David Martínez Turégano 18 March 2025 NGEU How the NGEU funds are going in Spain: bread for today and hope for tomorrow Javier García Arenas 17 March 2025 Recent developments New economic scenario: prudent optimism in a context of uncertainty Oriol Carreras Baquer Zoel Martín Vilató 17 March 2025 China Inflation in China: in which direction will the snake creep? Luís Pinheiro de Matos 17 March 2025 Foreign sector Excellent records in the foreign sector in 2024 Sergio Díaz Anna Bahí Esteba 17 March 2025 Recent developments Trump’s policies, the main question mark surrounding the global economic outlook Rita Sánchez Soliva 17 March 2025Most readWhat is going on with Chinese consumers?What big data reveals about consumption in SpainNew forecasts for the Spanish real estate sector: the expansionary cycle takes hold in 2025US: A model of economic transformation very different from Europe’s Factors behind the differences on inequality at the regional level NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Macrofinance Demographics Podcasts La política comercial de Trump (todo lo que siempre quisiste saber sobre los aranceles y nunca te atreviste a preguntar) 24/02/2025 Forecasts Financial markets Interest rate (%)Update date 12-03-2025 Macroeconomic GDP (%)Update date 12-03-2025 Team Pedro Álvarez OndinaEconomist Léopold JouvenEconomist Zoel Martín VilatóEconomist Patricia EstebanCommunication Maitane LizarragaAnalyst Adrià Morron SalmeronLead economist Ana Rincón GarcíaOrganization Meet us David Cesar HeymannEconomist Luís Pinheiro de MatosEconomist Rita Sánchez SolivaEconomist Carolina CruzOrganization Isabella Castillo HernándezResearch assistant Jesús ViscarriOrganization Nuria BustamanteLead economist Meet us José Ramón DíezHead of International Economics & Markets Beatriz Villafranca SerranoEconomist Imelda EstebanSenior economist José Antonio Sánchez PalominoData scientist Judit Montoriol GarrigaLead economist María Romero MeléndezEconomista Javier García ArenasSenior economist Meet us Josep Mestres DomènechLead economist Mar Bisquert PerlesData scientist Anna Bahí EstebaResearch Assistant Isabela Lara WhiteEconomist Oriol AspachsHead of Spanish Economics Enric FernándezChief Economist Mireia CrusellsAnalyst Meet us Roser FerrerSenior economist Antonio Marta MirandaResearch assistant Sandra Jódar RosellDirector of Strategic Planning Eduard Alcobé GarciaData scientist Oriol Carreras BaquerSenior economist Javier Ibáñez de Aldecoa FusterEconomist Ana María PorrasOrganization Meet us David Martínez TuréganoEconomist Sergio DíazEconomist David del ValSenior economist Alberto GrazianoSenior Data Scientist Ariadna Vidal MartínezLead economist Meet usPrint
NGEU NGEU funds: what is the status of their implementation at the European level? Almost five years have passed since the historic agreements to finance the EU’s largest joint economic stimulus programme were reached. The Next Generation EU (NGEU) funds were designed with the dual target of helping to overcome, in the short term, the adverse effects of… David Martínez Turégano 18 March 2025
NGEU NGEU funds: what can we say about their impact and future challenges? Unlike the process of tracking the achievement of the milestones and targets laid out in the Recovery and Resilience Plans (RRPs), assessing where we are in their implementation becomes more complicated when we try to quantify their macroeconomic impact and their… David Martínez Turégano 18 March 2025
NGEU How the NGEU funds are going in Spain: bread for today and hope for tomorrow To date, Spain has already complied with 70% of the reforms set out in the Plan, but only with 15% of the investments, partly because of the Plan’s very nature, which places more emphasis on the reforms in the first few years, and partly due to some initial delays in the… Javier García Arenas 17 March 2025
NGEU Beyond NGEU: investments in Europe to adapt to and survive in the new times The NGEU funds and the national investment programmes in Germany and France are the result of a long process of changes in the big economic blocs, accelerated by COVID and the war in Ukraine. These efforts seek to redefine and adapt production models to the energy… Rita Sánchez Soliva 18 March 2025
NGEU US: A model of economic transformation very different from Europe’s In the US, two major economic investment and modernisation plans have been launched in recent years which represent a very different model from the European one, with a more protectionist approach. The transformative efforts in energy and technology did not arise from the… Isabela Lara White 18 March 2025
Recent developments Trump’s policies, the main question mark surrounding the global economic outlook Rita Sánchez Soliva 17 March 2025
China Inflation in China: in which direction will the snake creep? Luís Pinheiro de Matos 17 March 2025
Recent developments New economic scenario: prudent optimism in a context of uncertainty Oriol Carreras Baquer Zoel Martín Vilató 17 March 2025
Foreign sector Excellent records in the foreign sector in 2024 Sergio Díaz Anna Bahí Esteba 17 March 2025
Monthly ReportNo. 498| The transformative capacity of NGEU and other fiscal stimulus plans March 2025
NGEU US: A model of economic transformation very different from Europe’s Isabela Lara White 18 March 2025
NGEU Beyond NGEU: investments in Europe to adapt to and survive in the new times Rita Sánchez Soliva 18 March 2025
NGEU NGEU funds: what can we say about their impact and future challenges? David Martínez Turégano 18 March 2025
NGEU NGEU funds: what is the status of their implementation at the European level? David Martínez Turégano 18 March 2025
NGEU How the NGEU funds are going in Spain: bread for today and hope for tomorrow Javier García Arenas 17 March 2025
Recent developments New economic scenario: prudent optimism in a context of uncertainty Oriol Carreras Baquer Zoel Martín Vilató 17 March 2025
China Inflation in China: in which direction will the snake creep? Luís Pinheiro de Matos 17 March 2025
Foreign sector Excellent records in the foreign sector in 2024 Sergio Díaz Anna Bahí Esteba 17 March 2025
Recent developments Trump’s policies, the main question mark surrounding the global economic outlook Rita Sánchez Soliva 17 March 2025