Publications

In June, formal employment in Mexico grew by 2.0% annually (IMSS). Excluding digital platform workers, effective growth is only 1.0%. This confirms a limited labor market recovery and a constrained impact from the 2026 World Cup.

The Basque Country economy will maintain growth close to 2% over the two-year period, supported by the strength of the labor market, private consumption and investment, although the deterioration in the international environment increases uncertainty and risks to activity.

Aragon maintains favorable economic prospects, with growth above 2% over the two-year period, supported by strong employment, private consumption, and the recovery of exports, although shaped by a more uncertain international environment.

The Spanish economy will maintain growth of above 2% in 2026–2027, supported by consumption, services and construction, although the deterioration in the international environment is widening regional differences.

Where is the construction sector heading? Discover how the revival of civil works and the new dynamics of the rental market are reshaping housing in the country, opening key strategic opportunities amidst demanding commercial and technological challenges.

Tourism maintained solid growth in the first four months of 2026, although with some moderation compared to the end of 2025. Total tourist spending grew by 4.7% year-on-year, driven especially by foreign tourism and the dynamism of destinations in the north and interior of the peninsula.

The increase in military spending in Spain to 2% of GDP will boost the economy and technological sectors through direct and indirect effects. However, the impact will be unequal due to the high dependence on foreign inputs and the strong territorial concentration of the industry.