Navarre AC
In 2025, Navarre AC’s economy is performing slightly more modestly than on average in Spain: we estimate GDP growth of 2.7% (2.9% in Spain). Growth is being constrained by weak exports and industrial activity, two key drivers for the region. Domestic tourism, consumption…
Castile and León
According to our estimates, Castile and León’s GDP will grow by 2.7% in 2025, slightly less than the Spanish economy as a whole (2.9%). Although employment and consumer spending are growing more modestly than average, there is a more positive trend in industry and…
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Geopolitics and artificial intelligence: a new race for global hegemony
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Financial markets
Interest rate (%)
Update date 10-12-2025
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Fed Funds | 5.25 | 4.25 | 3.50 | 3.00 |
| ECB Refi | 4.50 | 3.24 | 2.15 | 2.15 |
Macroeconomic
GDP (%)
Update date 10-12-2025
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Euro area GDP | 0.5 | 0.8 | 1.3 | 1.2 |
| Spain GDP | 2.5 | 3.5 | 2.9 | 2.1 |
| US GDP | 2.9 | 2.8 | 1.8 | 1.9 |
