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The labor productivity gap between Spain and the eurozone has expanded over the past decade, despite higher gains in value added per hour and per worker in Spain since 2022.

The EU's aspirations for sustainability, competitiveness, and resilience hinge on its ability to close the innovation gap with the US in disruptive technologies. This requires a dual approach: significantly increasing targeted public funding and creating a more inviting environment for private investment.

Climate investment needs depend on both the definition of what is needed and the reference scenario for climate change. All in all, for keeping “net zero” within the realm of possibility there is a funding gap to close by both public and, mainl…

There is still no clear indication of a severe slowdown in the labor market, though it has weakened more than it initially appears. The slower rate of job creation, coupled with frequent downward adjustments to monthly employment figures, sugge…

After a weak GDP growth of 0.4% in 2023, activity will grow 3.2% in 2024 due to the recovery of the agricultural sector, hydroelectric power generation and private consumption. Even so, reforms are needed to gain competitiveness and maintain a …

We will review our growth forecasts for 2024 and 2025 once the reform of the judicial system is known, which could have significant impacts on investment

Formal employment in Mexico continues decelerating, growing 2.2% in May 2024, 0.2 percentage points lower than the previous month. Job creation is expected to pick up in the third quarter but at a slower pace than in 2023.

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Our most recent publications

In a particularly turbulent environment such as this, it is worth highlighting the calm, rationality, consistency as well as humility with which central banks are implementing their monetary policy.

Since 2021 housing starts have been lower than homes created. Factors that could limit housing supply include a shortage of land ready to start new developments, regulatory uncertainty and labor shortages. Measures are needed to boost residential construction and rental supply.

The housing shortage is a complex problem, which is the subject of increasing attention and justified social, economic and political concern. Large segments of the population suffer from difficulties in accessing residential rental housing or h…

Base on the National Financial Health Survey (Ensafi) 2023, presented in June 2024, this press article mentions some advantages of having financial inclusion metrics at the household level (inquiring whether any member has any financial product…

The weekly growth of FX-adjusted credits accelerated from 0.3% to 0.45% due to consumer credits of public and private banks. Total credits’ 4 week average trend fell however to 0.3% due to lagged impact of Bayram holidays’ week.

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