Publications

The Spanish economy continues to grow faster than the euro area, driven by strong employment, services, and domestic demand. However, structural challenges remain in productivity, investment, and housing that must be overcome to achieve real convergence with Europe.

The impact of the conflict in the Middle East on the European economy is being cushioned by energy diversification and greater global supply. But if the shock drags on, the economic deterioration could intensify quickly.

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

The share of goods exports in Spain’s GDP has declined since the pandemic, while tourism and other exportable services have gained prominence. The challenge is to harness this potential without undermining industrial competitiveness, by anchoring it in productivity, investment, and human capital.

United States tariff policies in 2025 have reignited protectionist measures, while inconsistent trade stances from the Trump administration have added uncertainty.

The recent appreciation of the euro against the dollar—more than 10% since the lows at the beginning of the year—has shifted the price competitiveness of Spanish companies and the purchasing power of households.

Amid the current environment, uncertainty over the trend in global (mainly) and local economic policy is currently very high, which can have significant and hard to predict consequences on the decisions of households and businesses alike.