China’s alchemy: how it transforms critical minerals into global power International economy Luís Pinheiro de Matos Thu, 01/15/2026 - 13:16
Business turnover, a structural challenge for Spain’s catering sector Spanish economy Pedro Álvarez Ondina Wed, 02/11/2026 - 14:13
Treasury funding needs in 2026: high but manageable thanks to strong demand Spanish economy Javier García Arenas Wed, 02/11/2026 - 12:42
Financial Markets Daily Report 16 February 2026 US inflation surprised slightly to the downside, with headline CPI easing to 2.4% yoy (vs. 2.5% expected), down from 2.7% in December. The softer reading boosted expectations of further Fed easing, with money markets now pricing a 50% probability of a third 25bp rate cut in 2026. US Treasury yields declined by around 5bp across the curve. Spain's outlook The Spanish economy faces 2026 with optimism The Spanish economy successfully navigated the trade and geopolitical tensions affecting the global environment in 2025, achieving growth of 2.8%. This figure clearly surpasses both our forecast at the start of year, which was 2.3%, and the euro area’s growth, which stood… CaixaBank Research 13 February 2026 Opinion Dynamic, balanced and sustainable growth The Spanish economy continues to advance at a dynamic pace. For several years now, it has maintained relatively high growth, both from a historical perspective and in comparison with most developed economies. Oriol Aspachs 13 February 2026 World outlook Global stability: superficial mirage or structural strength? The latest update of the IMF's World Economic Outlook highlights stable growth expectations for the global economy (GDP +3.3% in 2026 and 3.2% in 2027). Technological dynamism, particularly investment related to AI, continues to sustain economic activity, especially in… CaixaBank Research 13 February 2026 Opinion Reality or fiction? The answer lies in the data It is becoming increasingly difficult to ignore the noise caused by the geopolitical context and focus on the signal coming from macroeconomic data. The sense of vulnerability is heightened by the unpredictability surrounding the pace of change in the old international… José Ramón Díez 12 February 2026 Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026 Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026 International India 12 February 2026 Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026 Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026 Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026 Publications Monthly ReportFebruary 2026 | No. 50810 February 2026 Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 SpainSpain’s Macroeconomic & Financial Outlook13 February 2026 PortugalPortugal’s Macroeconomic & Financial Outlook13 February 2026 Sectorial ReportAgrifood. The Spanish agrifood sector gains momentum 2025 Sectorial ReportReal Estate. The Spanish real estate sector is in full expansionary phase S2 2025 Sectorial ReportSectoral Observatory S1 2025 Sectorial ReportManufacturing Industry 2023 Opinion Editorial Dynamic, balanced and sustainable growth Oriol Aspachs Head of Spanish Economics Key points of the month Reality or fiction? The answer lies in the data José Ramón Díez Head of International Economics & Markets Recommended Spain's outlook The Spanish economy faces 2026 with optimism CaixaBank Research 13 February 2026 Opinion Dynamic, balanced and sustainable growth Oriol Aspachs 13 February 2026 World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026 Opinion Reality or fiction? The answer lies in the data José Ramón Díez 12 February 2026 Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026 Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026 Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026 Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026 Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026Most readDynamic, balanced and sustainable growthReality or fiction? The answer lies in the dataThere are reasons why housing has become the top concern among European citizensTreasury funding needs in 2026: high but manageable thanks to strong demandThe Spanish economy faces 2026 with optimism NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Geopolitics Real-Time Economics Podcasts Del laberinto geopolítico a la productividad: claves económicas para empezar el año 30/01/2026 Forecasts Financial markets Interest rate (%)Update date 09-02-20262023202420252026 Fed Funds 5.25 4.25 3.50 3.00 ECB Refi 4.50 3.24 2.15 2.15 Macroeconomic GDP (%)Update date 09-02-20262023202420252026 Euro area GDP 1.1 0.9 1.5 1.2 Spain GDP 2.5 3.5 2.8 2.1 US GDP 2.9 2.8 1.8 1.9 Team Mireia CrusellsAnalyst Léopold JouvenEconomist Mar Bisquert PerlesData scientist Imelda EstebanSenior economist Pedro Álvarez OndinaEconomist David del ValSenior economist José Ramón DíezHead of International Economics & Markets Meet us Oriol AspachsHead of Spanish Economics Catalina BecuResearch assistant David Martínez TuréganoSenior economist Ariadna Vidal MartínezLead economist Adrià Morron SalmeronLead economist Isabela Lara WhiteEconomist Josep Mestres DomènechLead economist Meet us José Antonio Sánchez PalominoData scientist Nuria BustamanteLead economist Ana María PorrasOrganization Sergio DíazEconomist Maitane LizarragaAnalyst Carolina CruzOrganization Javier Ibáñez de Aldecoa FusterEconomist Meet us Beatriz Villafranca SerranoEconomist Marina Tombas SuñéData Scientist Rita Sánchez SolivaEconomist María Romero MeléndezEconomista Alberto GrazianoSenior Data Scientist Luís Pinheiro de MatosEconomist Jesús ViscarriOrganization Meet us Roser FerrerSenior economist Jesús Manuel Carrera MorenoResearch assistant Javier García ArenasSenior economist Sandra Jódar RosellDirector of Strategic Planning Judit Montoriol GarrigaLead economist Zoel Martín VilatóEconomist Oriol Carreras BaquerSenior economist Meet us Eduard Alcobé GarciaData scientist Ana Rincón GarcíaOrganization Enric FernándezChief Economist Patricia EstebanCommunication David Cesar HeymannEconomist Meet usPrint
Spain's outlook The Spanish economy faces 2026 with optimism The Spanish economy successfully navigated the trade and geopolitical tensions affecting the global environment in 2025, achieving growth of 2.8%. This figure clearly surpasses both our forecast at the start of year, which was 2.3%, and the euro area’s growth, which stood… CaixaBank Research 13 February 2026
Opinion Dynamic, balanced and sustainable growth The Spanish economy continues to advance at a dynamic pace. For several years now, it has maintained relatively high growth, both from a historical perspective and in comparison with most developed economies. Oriol Aspachs 13 February 2026
World outlook Global stability: superficial mirage or structural strength? The latest update of the IMF's World Economic Outlook highlights stable growth expectations for the global economy (GDP +3.3% in 2026 and 3.2% in 2027). Technological dynamism, particularly investment related to AI, continues to sustain economic activity, especially in… CaixaBank Research 13 February 2026
Opinion Reality or fiction? The answer lies in the data It is becoming increasingly difficult to ignore the noise caused by the geopolitical context and focus on the signal coming from macroeconomic data. The sense of vulnerability is heightened by the unpredictability surrounding the pace of change in the old international… José Ramón Díez 12 February 2026
Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026
Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026
Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026
Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026
Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Reality or fiction? The answer lies in the data José Ramón Díez Head of International Economics & Markets
World outlook Global stability: superficial mirage or structural strength? CaixaBank Research 13 February 2026
Stock markets Innovation, expectations and vertigo: is AI-driven concentration reshaping Wall Street? David del Val 12 February 2026
Financial markets outlook A start to the year with cross-currents in the financial markets CaixaBank Research 12 February 2026
Tourism Business turnover, a structural challenge for Spain’s catering sector Pedro Álvarez Ondina 11 February 2026
Public sector Treasury funding needs in 2026: high but manageable thanks to strong demand Javier García Arenas 11 February 2026
Real estate There are reasons why housing has become the top concern among European citizens David Martínez Turégano 11 February 2026