Publications

Climate adaptation has captured the attention of scientists, economists, and policymakers. According to various studies, between $0.5 and $1.3 trillion in adaptation investment will be required over the next decade to minimize the effects of global warming.

The images of the floods that hit Valencia last October are still fresh in the collective memory. BBVA Research has developed an analytical framework to make the most of the available information and quantitatively assess both the impact and recovery after a climate disaster.

Five weeks after the DANA (December 3–9), most indicators in Valencia province displayed stronger performance than those in the rest of Spain. However, foreign card spending continued to lag behind the national growth rate.

One month after DANA (week from November 26 to December 2), the majority of indicators in the province of Valencia show a similar evolution to that observed in the rest of Spain, highlighting the acceleration shown in spending by foreigners, car registrations and the most affected municipalities.

Observing the performance of the economy in real time and at high granularity is vital to quickly measure the economic impact of an exceptional event such as the recent DANA that has left a lasting impact in our country, especially in Valencia.

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

Although it has been only a few days and we only have preliminary estimates, the data that we are receiving indicate that the economic effects of the DANA have been very significant at a local level.

Most indicators show an improvement in economic activity in Valencia during the week of November 5 to 11, although both the growth rates and, more importantly, the levels remain below what would have been observed without the DANA, particularly in the hardest-hit municipalities, where significant impacts are still evident.