Publications

This Working Paper briefly describes the latest update made to the sectoral module of the RegData FEDEA-BBVA database, 1955-2023.

While the Iberian day-ahead market operated normally after the April 2025 blackout, May saw an increase in REE's security-driven balancing costs. These measures, implemented to reduce systemic risk, led to higher wholesale prices, highlighting the inherent trade-off between reliability and affordability.

In 2024, the GDP of the Basque Country could have grown by 2.4%, and is expected to increase by 2.3% in 2025 and 1.4% in 2026. Going forward, the evolution of activity will be marked by high economic and tariff policy uncertainty and the slow recovery in Europe.

Four years after the last labour reform, the rate of temporary employment in the Spanish labour market has unquestionably fallen. Yet, there is still a high rate of labor turnover and fairly heavy transitions from employment to unemployment.

The construction sector continues to face staff shortages, an aging workforce, and low education levels, which hinder its development. However, since 2022, the arrival of foreign workers may be starting to ease the situation. Improving training would help boost productivity.

Growth remains solid, but in a context of deceleration. In 2025, services exports remain the main growth driver. In 2026, the impact of tariffs and the slowdown in non-resident consumption will lead to a moderation in growth.

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

GDP is projected to grow by around 2.5% in 2025 and 1.7% in 2026, maintaining a pace close to the medium-term trend despite a slowdown. This deceleration will be largely driven by shifts in U.S. trade policy and the heightened uncertainty they have triggered.