Publications

Economic growth, inequality, and zero-sum thinking form a triangle that has shaped societies over the years. The historical transition from a subsistence economy to one of sustained growth has transformed social perceptions of wealth and how it is distributed.

Both Mario Draghi in Europe and Donald Trump in the United States support the increase in tariffs on Chinese imports, but with objectives that seem to reflect different historical conceptions of the wealth of nations.

Several institutions, including BBVA Research, have upgraded their GDP expectations for Spain. However, different factors are limiting the growth of private consumption.

Household net financial wealth fell in real terms in 2022. The nest egg built up during the pandemic diminished dramatically during the year, potentially capping growth in domestic demand going forward.