El RealTimeTracker, nuestro modelo de seguimiento y pronóstico en tiempo real, estima que un crecimiento trimestral del PIB del 0,7% en el 1T26, en línea con el promedio de los últimos trimestres. También anticipa, con información aún muy incompleta, una desaceleración en el 2T26 hasta el +0,4%, indicando que el mantenimiento del dinamismo de la […]

• The RealTimeTracker, our real-time monitoring and forecasting model, estimates quarterly GDP growth of 0.7% in Q4 2025, in line with the average of the last four quarters. With still very incomplete information, it also anticipates a slight acceleration in Q1 2026 (+0.8%), indicating that the Spanish economy’s momentum would continue in the short term. […]

The RealTimeTracker, our real-time monitoring and forecasting model, estimates GDP growth of 0.7% in Q3 2025, in line with the figures recorded in recent quarters. It also anticipates, with still very incomplete information, an increase of +0.5% in Q4, which would suggest a moderate slowdown in growth in the final quarter of the year. The 0.7% increase would have […]

The RealTimeTracker, our real-time monitoring and forecasting model, estimates that quarterly GDP growth would stand at +0.7% in Q1 2025, easing very slightly compared with recent quarters. This +0.7% growth is driven by the revision of the national accounts and recent investment indicators. Labour indicators (Social Security registrations), demand indicators (retail consumption) and supply indicators […]

Macro analysis in partnership with EY Insights. The RealTimeTracker, our real-time tracking and forecasting model, estimates that GDP quarterly growth will be at +0.6% in Q4 2024, showing moderation compared to previous quarters. Service indicators drove this GDP growth in the quarter, while investment in capital goods and construction contributed less. Despite this moderation, we […]

Macro outlook, global focus and micro perspective for September 2024. Macro outlook The RealTimeTracker, our real-time monitoring and forecasting model, estimates that quarterly GDP growth would be around +0.6% in Q3 2024, easing slightly from 0.8% in Q1 and Q2. This introduces an upside bias to the projections for the year as a whole, and […]

Macro outlook, global focus and micro perspective for June 2024. Macro outlook The RealTimeTracker, our real-time monitoring and forecasting model, estimates that quarterly GDP growth would stand between +0.4% and +0.5% in Q2 2024, easing from 0.7% in Q1 2024. The balance of risks has not changed substantially and annual growth would remain at +2.3%, […]

Macro outlook, global focus and micro perspective for May 2024. Macro outlook The RealTimeTracker, our real-time monitoring and forecasting model, estimates that quarterly GDP growth could reach +0.5% in Q2 2024. Annual growth would stand at 2.3%, two tenths lower than in 2023 but triple the figure projected for the Eurozone. All of this is […]

Macro outlook, global focus and micro perspective for March 2024. Macro outlook The RealTimeTracker, our real-time monitoring and forecasting model, estimates that quarterly GDP growth will reach +0.8% in Q1 2024, beating expectations from the start of the year. We anticipate somewhat more moderate growth in Q2 2024. The tentative reading of the first half […]

Macro outlook, global focus and micro perspective for January 2024. Macro outlook The RealTimeTracker, our real-time monitoring and forecasting model, estimates that Spanish GDP will close Q4 2023 with growth of +0.5%. We therefore estimate that 2023 would have ended with growth of +2.4%. On a preliminary basis, for Q1 2024 we anticipate growth similar […]

Macro outlook, global focus and micro perspective for November 2023. Macro outlook The Spanish economy remains in positive territory in the final stretch of the year: the RealTimeTracker estimates positive GDP growth in Q4 2023 (+0.2%), showing a trend of gentle slowdown in recent quarters, but growth figures higher than those anticipated months ago. Annual […]

Macro outlook, global focus and micro perspective for October 2023. Macro outlook: The Spanish economy is entering negative territory in the short term: the RealTimeTracker, our real-time monitoring and forecasting model, estimates negative GDP growth in Q3 2023: -0.1%. This rate, which already takes into account the INE revision of the national accounts published on […]

Disclosure of sustainability or ESG information is a prerequisite and a central element for the development of sustainable finance and the reorientation of the economic model towards sustainability. Without it, investors cannot distinguish between companies with more resilient and sustainable business models, or channel sufficient funds towards them. The regulations that governed this disclosure in […]

Macro outlook, global focus and micro perspective for September 2023. Macro outlook The outlook for the Spanish economy is positive in the short term: the RealTimeTracker, our real-time monitoring and forecasting model, estimates quarter-on-quarter GDP growth of around +0.6% in Q2 2023, in line with the Q1 2023 figure. However, specific indicators show mixed trends: […]

To boost sustainable finance and reduce greenwashing, the European Union (EU) has established the Taxonomy, a classification system of which activities can be considered “sustainable” from a climate and environmental point of view (the E in the acronym ESG). The main objective of the Taxonomy is to provide robust definitions and transparent disclosure requirements to […]

La atención por la sostenibilidad climática y medioambiental ha virado en los últimos años al sector financiero, que será clave en promover la transición ecológica.