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    BBVA Research Publications

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    January 20, 2025

    Spain | Inequality, growth, and zero-sum thinking

    Economic growth, inequality, and zero-sum thinking form a triangle that has shaped societies over the years. The historical transition from a subsistence economy to one of sustained growth has transformed social perceptions of wealth and how it is distributed.

    December 16, 2024

    Global | Tariffs, a trade instrument or a covert financial strategy?

    Both Mario Draghi in Europe and Donald Trump in the United States support the increase in tariffs on Chinese imports, but with objectives that seem to reflect different historical conceptions of the wealth of nations.

    August 23, 2024

    Spain | Wealth: another housing issue

    Wealth stagnation may be influencing consumption and investment decisions. The recovery of prices in the real estate sector will help to improve the trend. However, the concentration of wealth in housing has negative externalities.

    June 17, 2024

    Spain | Consumption shackles growth

    Several institutions, including BBVA Research, have upgraded their GDP expectations for Spain. However, different factors are limiting the growth of private consumption.

    February 20, 2023

    Spain | And then it was gone

    Household net financial wealth fell in real terms in 2022. The nest egg built up during the pandemic diminished dramatically during the year, potentially capping growth in domestic demand going forward.