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Financial Markets Daily Report 09 February 2026 In the last session of the week, equity markets edged modestly higher, despite lingering doubts over the return on Big Tech investment in AI and questions around the robustness of corporate fundamentals, set against a backdrop of generally supportive macroeconomic data. Spain Basque Country In 2025, the Basque economy was somewhat more sluggish than it was across Spain: we estimate that GDP grew by 2.5% (vs. 2.9%). This is mainly due to the weakness of industry, which is highly important in the region, hit by sluggish foreign demand. On a positive note,… 22 January 2026 Productivity The key ingredients for Spain’s regions to boost productivity We conclude the Dossier «An analysis of European productivity» by identifying the factors that hinder productivity growth in the Spanish economy, and those that could drive it, focusing on the evolution of productivity in the various autonomous community regions and… Several authors21 January 2026 Productivity Key factors driving productivity improvements at the European regional level In the third article of the Dossier «An analysis of European productivity», we conduct an in-depth analysis of the key economic factors driving productivity at the European regional level and their quantitative contribution. Several authors21 January 2026 Productivity Factors shaping regional productivity disparities in Europe In the second article of the Dossier «An analysis of European productivity», we review a broad set of variables covering institutional, geographical and technological aspects, as well as others linked to the economy’s productive fabric, in order to distinguish the… Several authors20 January 2026 Productivity European productivity from a regional perspective Several authors 20 January 2026 International Chile 16 January 2026 Opinion Words for the economic labyrinth José Ramón Díez 15 January 2026 European Union Characterisation of the business cycle in the EU: neither widespread, nor robust David Martínez Turégano 15 January 2026 United States of America The new map of US goods imports Isabela Lara White 15 January 2026 World outlook The global economy, from resilience to settlement CaixaBank Research 15 January 2026 Publications Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026 Monthly ReportNo. 507| An analysis of European productivity January 2026 SpainSpain’s Macroeconomic & Financial Outlook20 January 2026 PortugalPortugal’s Macroeconomic & Financial Outlook20 January 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 Words for the economic labyrinth José Ramón Díez Head of International Economics & Markets Key points of the month Outlook and challenges for the Spanish economy in 2026 Oriol Aspachs Head of Spanish Economics Recommended Tourism High business churn, the unfinished business of the Spanish catering sector Pedro Álvarez Ondina 04 February 2026 Download File Tourism Silver tourism in Spain: an opportunity to reduce seasonality and diversify destinations David Cesar Heymann Alberto Graziano 04 February 2026 Download File Tourism A snapshot of international luxury tourism in Spain David Cesar Heymann Eduard Alcobé Garcia 04 February 2026 Download File Tourism Spanish tourism is expected to see more sustainable growth in 2026 Pedro Álvarez Ondina 04 February 2026 Download File Tourism Executive summary: Tourism in Spain 2026: new opportunities for sustainable growth and of higher added value Nuria Bustamante 04 February 2026 Download File Tourism Infographic. Caixabank Research forecasts for the spanish tourism sector in 2026-2027 CaixaBank Research 03 February 2026 Download File Productivity The key ingredients for Spain’s regions to boost productivity Several authors 21 January 2026 Productivity Key factors driving productivity improvements at the European regional level Several authors 21 January 2026 Productivity Factors shaping regional productivity disparities in Europe Several authors 20 January 2026Most readChina’s alchemy: how it transforms critical minerals into global powerThe new map of US goods importsSpain’s Macroeconomic & Financial OutlookOutlook and challenges for the Spanish economy in 2026Portugal’s Macroeconomic & Financial Outlook NewsletterBeing informed now ismore important than everGet our latest updates Sign in Hot topics Monetary and fiscal policy Geopolitics 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 Ariadna Vidal MartínezLead economist Sandra Jódar RosellDirector of Strategic Planning José Antonio Sánchez PalominoData scientist Imelda EstebanSenior economist Jesús ViscarriOrganization Carolina CruzOrganization Ana María PorrasOrganization Meet us Alberto GrazianoSenior Data Scientist Sergio DíazEconomist Enric FernándezChief Economist Luís Pinheiro de MatosEconomist Pedro Álvarez OndinaEconomist María Romero MeléndezEconomista Jesús Manuel Carrera MorenoResearch assistant Meet us Isabela Lara WhiteEconomist David Cesar HeymannEconomist Javier Ibáñez de Aldecoa FusterEconomist Léopold JouvenEconomist Beatriz Villafranca SerranoEconomist Josep Mestres DomènechLead economist Oriol AspachsHead of Spanish Economics Meet us Nuria BustamanteLead economist Mireia CrusellsAnalyst Judit Montoriol GarrigaLead economist Mar Bisquert PerlesData scientist Rita Sánchez SolivaEconomist Ana Rincón GarcíaOrganization Catalina BecuResearch assistant Meet us David del ValSenior economist David Martínez TuréganoSenior economist Patricia EstebanCommunication Oriol Carreras BaquerSenior economist Eduard Alcobé GarciaData scientist José Ramón DíezHead of International Economics & Markets Maitane LizarragaAnalyst Meet us Adrià Morron SalmeronLead economist Roser FerrerSenior economist Javier García ArenasSenior economist Marina Tombas SuñéData Scientist Zoel Martín VilatóEconomist Meet usPrint
Spain Basque Country In 2025, the Basque economy was somewhat more sluggish than it was across Spain: we estimate that GDP grew by 2.5% (vs. 2.9%). This is mainly due to the weakness of industry, which is highly important in the region, hit by sluggish foreign demand. On a positive note,… 22 January 2026
Productivity The key ingredients for Spain’s regions to boost productivity We conclude the Dossier «An analysis of European productivity» by identifying the factors that hinder productivity growth in the Spanish economy, and those that could drive it, focusing on the evolution of productivity in the various autonomous community regions and… Several authors21 January 2026
Productivity Key factors driving productivity improvements at the European regional level In the third article of the Dossier «An analysis of European productivity», we conduct an in-depth analysis of the key economic factors driving productivity at the European regional level and their quantitative contribution. Several authors21 January 2026
Productivity Factors shaping regional productivity disparities in Europe In the second article of the Dossier «An analysis of European productivity», we review a broad set of variables covering institutional, geographical and technological aspects, as well as others linked to the economy’s productive fabric, in order to distinguish the… Several authors20 January 2026
European Union Characterisation of the business cycle in the EU: neither widespread, nor robust David Martínez Turégano 15 January 2026
Sectorial ReportTourism. Spanish tourism sector: from post-pandemic rebound to sustainable growth S1 2026
Tourism High business churn, the unfinished business of the Spanish catering sector Pedro Álvarez Ondina 04 February 2026 Download File
Tourism Silver tourism in Spain: an opportunity to reduce seasonality and diversify destinations David Cesar Heymann Alberto Graziano 04 February 2026 Download File
Tourism A snapshot of international luxury tourism in Spain David Cesar Heymann Eduard Alcobé Garcia 04 February 2026 Download File
Tourism Spanish tourism is expected to see more sustainable growth in 2026 Pedro Álvarez Ondina 04 February 2026 Download File
Tourism Executive summary: Tourism in Spain 2026: new opportunities for sustainable growth and of higher added value Nuria Bustamante 04 February 2026 Download File
Tourism Infographic. Caixabank Research forecasts for the spanish tourism sector in 2026-2027 CaixaBank Research 03 February 2026 Download File
Productivity The key ingredients for Spain’s regions to boost productivity Several authors 21 January 2026
Productivity Key factors driving productivity improvements at the European regional level Several authors 21 January 2026
Productivity Factors shaping regional productivity disparities in Europe Several authors 20 January 2026