Publications

Catalonia will maintain solid growth of 3.1% in 2025 despite the European slowdown, supported by investment, job creation, and easing inflation.

Growth above the national average: Andalusia's GDP will advance by 3.2% in 2025, moderating to 2.3% in 2026, but remaining above the historical average.

In 2025, the GDP of the Valencian Community could grow by 3.6% and is expected to increase by 2.9% in 2026, leading growth in both years. Looking ahead, economic activity will be marked by high uncertainty surrounding economic and tariff policy and the slow recovery in Europe.

The GDP growth forecast has been revised upward across the board for 2025 and 2026. The revision is due to the resilience of economic activity, especially exports of both goods and services, as well as investment playing a more important role in the recovery than previously thought.

Construction GDP contracted by 1.1% in the first half of 2025, driven by a 24.6% decline in Civil Works. The mortgage market shrank by 9.2% , affected by a weak labor market and rising housing prices.

This paper presents a methodological framework to quantify the economic impact of natural disasters. It estimates a damage function and measures employment effects using a dynamic spatial model. The 2024 DANA in Valencia validates the approach and highlights the importance of both location and compensation mechanisms.

Galicia's GDP could have grown by 3.3% in 2024, and is expected to increase by 2.3% in 2025 and 1.8% in 2026. Going forward, the economy's development will be marked by the weak performance of the industrial sector, high uncertainty regarding economic and tariff policies, and the slow recovery in Europe.