BBVA Research

Despite global adaptation finance more than doubling between 2018 and 2022, it remains far below what is needed to achieve climate resilience. In Europe, a four‑pillar strategy could unlock the investment required to turn climate challenges into opportunities.

Carbon sinks are all types of land—usually forested—that capture CO₂ emissions. Their existence is essential for addressing climate change, helping to regulate temperature, and serving as habitats for flora and fauna species. They also provide critical resources such as water.

Investment in intangible assets is a key driver of economic growth in Spain. Using financial transaction data, we build a real-time indicator aligned with official statistics that allows for detailed analysis of investment flows across sectors and regions. They show growth is concentrated in a few specialized hubs.

In May 2025, global trade stabilizes, with Asia leading and Europe remaining stagnant. Latin America loses momentum, except for Peru. Mexico stands out in the U.S. despite tensions, while Canada diversifies. Trade flows remain resilient but moderate amid rising uncertainty and new trade barriers

Argentina’s economy kept recovering in Q2 2025, driven by fiscal order, a re-monetization strategy, and a flexible exchange rate scheme. The outlook is still shaped by the electoral context and the challenge of ensuring lasting stability in a volatile global environment.