What markets tell us about macroeconomics Financial markets Isabela Lara White Jesús Manuel Carrera Moreno Mon, 05/18/2026 - 11:00
What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? Spanish economy David Cesar Heymann Mon, 05/18/2026 - 11:57
Shadows (and some light) in Europe’s industrial decline International economy David Martínez Turégano Mon, 05/18/2026 - 11:13
Financial Markets Daily Report 26 May 2026 Investors opened the week with a risk-on tone after US officials, including President Trump, signalled over the weekend that negotiations with Iran were approaching an agreement. Trading volumes remained subdued, however, as several major markets, including the US and the UK, were closed for a bank holiday. Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven The adoption of artificial intelligence (AI) in Spanish firms has accelerated in recent years, but the process has been uneven and remains incomplete. This article analyses the extent of AI penetration considering four key dimensions: company size, sectoral differences,… Javier García Arenas Pedro Álvarez Ondina 18 May 2026 Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? International tourism spending accelerated slightly in March 2026, driven by the redirection towards Spain of tourist flows from the main European source countries. This upturn offset the decline in tourism from East Asia, which, although intense, represents only a small… David Cesar Heymann 18 May 2026 Spain's outlook The Spanish economy remains resilient in an uncertain environment The latest indicators depict an economy that remains resilient amid the entrenchment of the conflict in the Persian Gulf. Among the various channels through which this conflict can affect the economy, the most visible impact so far is in inflation, through the rise in… CaixaBank Research 18 May 2026 European Union Shadows (and some light) in Europe’s industrial decline The Industrial Accelerator Act, presented by the European Commission at the beginning of March, outlines its response to the EU’s weakening industrial base. It is structured around a set of quantitative objectives: a general one, to raise the sector’s share of the economy… David Martínez Turégano 18 May 2026 Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026 Artificial intelligence (AI) The AI buzz in financial markets CaixaBank Research 14 May 2026 Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026 Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026 Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026 Opinion Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez 14 May 2026 Publications Monthly ReportNo. 511| The present and futures of the new AIconomy May 2026 SpainSpain’s Macroeconomic & Financial Outlook12 May 2026 Real Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026Content available in catalan spanish Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Agrifood. The Spanish agrifood sector gains momentum 2025Content available in catalan spanish Sectorial ReportSectoral Observatory S1 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez Head of International Economics & Markets Key points of the month Hormuz: time is against us Oriol Aspachs Head of Spanish Economics Recommended Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven Javier García Arenas Pedro Álvarez Ondina 18 May 2026 Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? David Cesar Heymann 18 May 2026 Spain's outlook The Spanish economy remains resilient in an uncertain environment CaixaBank Research 18 May 2026 European Union Shadows (and some light) in Europe’s industrial decline David Martínez Turégano 18 May 2026 Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026 Artificial intelligence (AI) The AI buzz in financial markets CaixaBank Research 14 May 2026 Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026 Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026 Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026Most readShadows (and some light) in Europe’s industrial declineWhat do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran?Productivity and employment in the face of generative AI: what do we know?Economy and markets between two tides: geopolitics and artificial intelligenceWhat markets tell us about macroeconomics NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Inflationary pressures Climate change & green transition Podcasts La economía de la IA: de la carrera global a la productividad 22/05/2026 Forecasts Financial markets Interest rate (%)Update date 11-05-20262024202520262027 Fed Funds 4.25 3.50 3.00 3.00 ECB Refi 3.24 2.15 2.15 2.15 Macroeconomic GDP (%)Update date 11-05-20262024202520262027 Euro area GDP 0.8 1.5 1.3 1.5 Spain GDP 3.5 2.8 2.4 2.0 US GDP 2.8 2.1 2.6 2.0 Team Rita Sánchez SolivaEconomist José Antonio Sánchez PalominoData scientist Catalina BecuResearch assistant María Romero MeléndezEconomista Ana María PorrasOrganization Josep Mestres DomènechLead economist Sergio DíazEconomist Meet us Enric FernándezChief Economist José Ramón DíezHead of International Economics & Markets Ariadna Vidal MartínezLead economist Léopold JouvenEconomist Adrià Morron SalmeronLead economist Maitane LizarragaAnalyst Isabela Lara WhiteEconomist Meet us Oriol AspachsHead of Spanish Economics Marina Tombas SuñéData Scientist Eduard Alcobé GarciaData scientist Sandra Jódar RosellDirector of Strategic Planning Luís Pinheiro de MatosEconomist Roser FerrerSenior economist Carolina CruzOrganization Meet us Judit Montoriol GarrigaLead economist Oriol Carreras BaquerSenior economist Zoel Martín VilatóEconomist David Martínez TuréganoSenior economist Mar Bisquert PerlesData scientist Nuria BustamanteLead economist David Cesar HeymannEconomist Meet us Jesús ViscarriOrganization Patricia EstebanCommunication Javier García ArenasSenior economist Imelda EstebanSenior economist Jesús Manuel Carrera MorenoResearch assistant Beatriz Villafranca SerranoEconomist Javier Ibáñez de Aldecoa FusterEconomist Meet us Alberto GrazianoSenior Data Scientist Mireia CrusellsAnalyst David del ValSenior economist Pedro Álvarez OndinaEconomist Ana Rincón GarcíaOrganization Meet usPrint
Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven The adoption of artificial intelligence (AI) in Spanish firms has accelerated in recent years, but the process has been uneven and remains incomplete. This article analyses the extent of AI penetration considering four key dimensions: company size, sectoral differences,… Javier García Arenas Pedro Álvarez Ondina 18 May 2026
Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? International tourism spending accelerated slightly in March 2026, driven by the redirection towards Spain of tourist flows from the main European source countries. This upturn offset the decline in tourism from East Asia, which, although intense, represents only a small… David Cesar Heymann 18 May 2026
Spain's outlook The Spanish economy remains resilient in an uncertain environment The latest indicators depict an economy that remains resilient amid the entrenchment of the conflict in the Persian Gulf. Among the various channels through which this conflict can affect the economy, the most visible impact so far is in inflation, through the rise in… CaixaBank Research 18 May 2026
European Union Shadows (and some light) in Europe’s industrial decline The Industrial Accelerator Act, presented by the European Commission at the beginning of March, outlines its response to the EU’s weakening industrial base. It is structured around a set of quantitative objectives: a general one, to raise the sector’s share of the economy… David Martínez Turégano 18 May 2026
Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026
Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026
Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026
Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026
Opinion Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez 14 May 2026
Real Estate. Increasing supply, the great challenge of the Spanish real estate market S1 2026Content available in catalan spanish
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Economy and markets between two tides: geopolitics and artificial intelligence José Ramón Díez Head of International Economics & Markets
Artificial intelligence (AI) AI adoption in Spanish firms is advancing rapidly but remains limited and uneven Javier García Arenas Pedro Álvarez Ondina 18 May 2026
Tourism What do high-frequency data tell us about international tourism in Spain after the outbreak of the war in Iran? David Cesar Heymann 18 May 2026
Spain's outlook The Spanish economy remains resilient in an uncertain environment CaixaBank Research 18 May 2026
European Union Shadows (and some light) in Europe’s industrial decline David Martínez Turégano 18 May 2026
Financial markets What markets tell us about macroeconomics Isabela Lara White Jesús Manuel Carrera Moreno 18 May 2026
Artificial intelligence (AI) Productivity and employment in the face of generative AI: what do we know? Oriol Carreras Baquer 14 May 2026
Portugal outlook Portugal: the effects of the conflict begin to show through CaixaBank Research 14 May 2026
Financial markets outlook Financial markets: a disconnect between risk and energy? CaixaBank Research 14 May 2026