Publications

Since the Covid-19 pandemic, immigration has become a key factor in Europe, but its impact has been uneven across countries. This report analyzes recent trends in immigration to the EU, its main features, and differences in its contribution to economic growth and employment.

Europe is seeking to strengthen the international role of the euro in the face of the U.S. dollar’s dominance in order to achieve greater geopolitical autonomy. The success of this challenge requires economic weight, institutional strength, and technological and financial innovation.

The ECB is addressing the supply shock stemming from the conflict in the Middle East by using economic scenarios. The institution is taking a watchful stance toward inflation risks and the persistence of energy prices to avoid second-round effects on the economy.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

The balance of 2025 showed economic resilience in the face of geopolitical tensions, supported by lower inflation and investment. The war in the Middle East is a supply shock, whose impact will depend on how long it lasts and how oil prices evolve.

The recent military escalation in the Middle East represents a new energy crisis for the global economy. Although higher resource prices will put upward pressure on inflation, for now, a temporary slowdown rather than a deep global recession is expected.

Over the past year, the global economy has once again shown that stability is always provisional. The economic policy measures of the U.S. administration, together with persistent geopolitical tensions, have substantially increased economic uncertainty.