Consejeros

(MRC Témiscamingue, Unsplash)

23 Oct 2026

The Ibex 35 leads global job creation with the incorporation of 11,600 professionals in 2025

National Macroeconomics

A report by EY-Parthenon reveals that the large companies in the Ibex 35 increased their global workforce by 0.9% in 2025 and raised domestic employment by 1.8%. This makes Spain the only major country in continental Europe with net domestic job creation.
(Steven Abraham, Unsplash)

23 Oct 2026

The Surprising Strength of the US Economy

International Macroeconomics

The US could grow between 2.5% and 3% this year and next, thanks to the strength of the labour market, the good financial situation of households, and the investment that companies are making in AI. Despite the war with Iran, soaring oil prices, and rising inflation.
(© Banco Central Europeo)

23 Oct 2026

Selling pressures in France and Italy may force the ECB into a verbal intervention according to Flossbach von Storch

International Macroeconomics

European sovereign bonds remain under significant pressure. This week, the spreads of French OATs against German Bunds at ten years have widened by around 15 basis points, while those of Italian BTPs ...
(Landsmann, Unsplash)

22 Oct 2026

The Spanish pension system ranks 30th out of the 55 analysed in the global index of Marsh CFA Institute 2026

National Macroeconomics

Spain scores 63.3 out of 100 in the ranking compared to last year's 63.8 due to the increase in pension spending as a proportion of the total. Additionally, it stands out in adequacy, with 83 points, an indicator that measures whether pensions provide sufficient income during retirement.
(Matthew Henry, Unsplash)

22 Oct 2026

The ECB assesses the Eurozone's resilience to the energy crisis, but warns of limited fiscal space

International Macroeconomics

Renewable energies, reduced dependence on fossil fuels, and the boost from artificial intelligence have enhanced the Eurozone's resilience to the energy crisis, but economists warn that fiscal policy will not be able to cushion future crises with the same intensity.
(Masood Aslami, Pexels)

21 Oct 2026

The public debt of the Eurozone rises to 88.8% of GDP, 14.44 trillion euros

International Macroeconomics

Public revenues represented 46.8% of GDP in the second quarter, down from 46.9% in the first, while expenditure increased to 50.1%, up from 50%.
(Frames For Your Heart, Unsplash)

21 Oct 2026

According to Ostrum AM, Spain faces a significant housing supply deficit due to a lack of land and inefficiencies in procedures

National Macroeconomics

With the call for early general elections on 29 November, Pedro Sánchez seeks to capitalise on public discontent with the housing crisis and the opposition parties' (PP and Vox) rejection of his measures, as well as that of Junts, a former parliamentary partner
(Samuel Regan-Asante, Unsplash)

20 Oct 2026

The increase in tensions in France causes a notable rise in the risk premium (+10 bp to 148 bp), two-week highs

International Macroeconomics

Lower opening in Europe (Eurostoxx futures -0.7%, S&P 0% and Nasdaq -0.3%) after a session of declines in Asia (Nikkei -1%, Kospi -4%), in an atmosphere of distrust towards financing and the retur...
(iStrfry , Marcus, Unsplash)

19 Oct 2026

According to DWS, the housing crisis is not solely about rental prices

International Macroeconomics

From Singapore to New York, the real hidden story about affordability is not in housing costs, but in purchasing power.
Banco de España. (Juan Domenech, Unsplash)

15 Oct 2026

Funcas projects a slowdown of the economy to 1.7% in 2028 and warns about the pressure of debt and inflation

National Macroeconomics

Funcas forecasts that Spanish GDP will decline from the current 2.5% to 1.7% in 2028. With persistent inflation (3.7% this year) and high rates, the deficit will approach 3% and debt interest will drive public spending to nearly 64,000 million.
(Alexander Grey, Unsplash)

15 Oct 2026

US inflation (3.7% and 2.6% core) continues to support the Fed's roadmap towards further tightening

International Macroeconomics

The CPI increased overall by a tenth compared to the previous month, standing at 3.7% a.; although there was more “meat” in the fact that the core reading also rose by a tenth to mark a pace of advance of +2.6% a.
(Ant Rozetsky, Unsplash)

14 Oct 2026

The Spanish industry surpasses pre-war levels compared to Germany and Italy, which remain lagging behind

National Macroeconomics

While the European industry continues to be hit by the energy and geopolitical crisis, Spain is the exception: its manufacturing output already exceeds pre-war levels in Ukraine thanks to diversification, competitive costs, and renewables, although with pending challenges in productivity and the electricity grid.
(Atik sulianami, Unsplash)

14 Oct 2026

The question of oil at 100 dollars: why geopolitical risk continues to outweigh supply improvements

International Macroeconomics

Despite greater volumes of oil in the market and a global deficit of just a few million barrels per day, the market continues to incorporate a significant geopolitical risk premium estimated at around 20-25 dollars per barrel, reflecting ongoing concerns about new disruptions.
(Hans Eiskonen, Unsplash)

14 Oct 2026

Inflation rises to 4.9% driven by fuels, the highest rate since 2023

National Macroeconomics

This increase was mainly due to the prices of fuels and lubricants for personal vehicles, which rose by 27.7% while in September 2025 they decreased.
(Michael Fousert, Unsplash)

13 Oct 2026

The EU could limit imports of Chinese hybrid vehicles to 350,000 units/year

International Macroeconomics

Europe seeks to curb imports of Chinese hybrid vehicles, which have accelerated and could reach around 800,000 vehicles in the total for 2026, +165% year on year.
(Samuel Regan-Asante, Unsplash)

9 Oct 2026

France and the Debt Dilemma: How far can the ECB go?

International Macroeconomics

In an extreme scenario, the ECB would intervene and purchase French public debt to prevent yields from soaring further. The most likely outcome is that this would require the activation of the Transmission Protection Instrument.
Unión Europea. (Christian Lue, Unsplash)

9 Oct 2026

The EC rejects the requests from Greece and Italy for greater flexibility in fiscal rules

International Macroeconomics

'Upward inflationary pressures are already taken into account in the overall assessment of the relevant factors when examining compliance with fiscal rules. We cannot propose new fiscal flexibilities at all times,' said the European Commissioner for Economy.
Banco de España. (Juan Domenech, Unsplash)

8 Oct 2026

The General Council of Economists expects the Spanish GDP to grow by 2.5% in 2026 driven by domestic demand

National Macroeconomics

The General Council of Economists raises its GDP growth forecast for 2026 by a tenth to 2.5% thanks to the dynamism of consumption and employment. However, it warns of a slowdown in the final stretch of the year due to the rise in CPI (3.6%-3.7%) and rising energy costs.
(CC BY 2.0, gcardinal)

8 Oct 2026

Norway prepares a tax cut package worth 6.4 billion Norwegian kroner for 2027

International Macroeconomics

The Labour government of Jonas Gahr Støre aims to improve households' disposable income and employment incentives, primarily through lower social security contributions and higher tax-free allowances.
(Willfried Wende, Unsplash)

2 Oct 2026

Eurozone inflation rises to 3.8% in September with energy prices soaring

International Macroeconomics

The core inflation rate, that is, the one that excludes the volatile prices of energy, food, alcohol, and tobacco, increased by one tenth to 2.5%, in line with expectations.
(Christian Dubovan, Unsplash)

1 Oct 2026

European IPCs are frightening

International Macroeconomics

Inflation in each of the four major European economies is growing significantly and is also above estimates. The general doubt lies in how high it could rise. In the US, the core PCE barely rises a couple of tenths, but due to a methodological adjustment.
(Zbynek Burival, Unsplash)

30 Sept 2026

Energy crises highlight blind spots in statistics

International Macroeconomics

The Hormuz crisis has highlighted the limitations of traditional energy statistics, which tell us much about the source of energy but little about how it is used.
Banco de España. (Juan Domenech, Unsplash)

30 Sept 2026

Spanish public debt reaches a record 1.763 trillion euros

National Macroeconomics

In absolute terms, the debt of the AAPP reached a record balance of 1.763 trillion euros, with a growth rate of 4.3% year-on-year. It stood at 101.4% of Gross Domestic Product (GDP) in the second quarter of 2026.
(Towfiqu barbhuiya, Unsplash)

29 Sept 2026

Sergio Mensaque (Avanza Previsión): "The loss of purchasing power is already structural"

National Macroeconomics

Spain is becoming more expensive at a rate that stifles the competitiveness of its companies and subjects citizens to a fiscal and inflationary pressure that current wages are unable to compensate for.
(fr0ggy5, Unsplash)

29 Sept 2026

Inflation soars to 4.9%, the highest since 2023, due to fuel prices

National Macroeconomics

The special groups with the highest price increases were energy products, up 21.6%, unprocessed food, up 5.8%, services, up 3.9%, and industrial goods excluding energy, up 2%.

Privacy

We use cookies to improve your browsing experience, personalise content and analyse our traffic. Some cookies are necessary for the site to work and cannot be disabled. By accepting, you agree to our cookie policy. You can change your preferences at any time.

Cookie settings

Select the cookie categories you want to allow. See our Cookie Policy to find out more.

Necessary

These cookies are essential for the basic functioning of the website and cannot be disabled. They include security and basic accessibility features.

Analytics

They help us understand how users interact with our site, which content is most popular and how we can improve the browsing experience.

Marketing

They allow us to learn your preferences in order to show you relevant personalised content and advertising, and to measure the effectiveness of our campaigns.