Every six months, with the support of Banco Sabadell, Esade publishes its Economic and Financial Report, which now reaches its 39th edition under the title “Energy capabilities for a new economic era.” With it, Esade upholds its commitment to contributing to public debate through rigorous, plural analysis that, as a leading school backed by its […]

Against a backdrop marked by a new energy shock —the conflict in the Middle East and tensions in the Strait of Hormuz— we present the Economic and Financial Report #39 (with the support of Banco Sabadell). The session reviews the most recent international and domestic trends and discusses their implications for the Spanish economy, with […]

With the execution deadline of August 2026 already in sight, EsadeEcPol presents the update of its NextGenEU Tracker with data as of 12 March 2026. The report examines a programme entering its final sprint: progress is substantial, but the gap between called and awarded funds, fund concentration, and administrative bottlenecks pose critical challenges in the […]

Every six months, with the support of Banco Sabadell, Esade publishes the Informe Económico y Financiero (Economic and Financial Report), which now reaches its 38th edition under the title The Europe that is missing: capabilities for a hostile world. Through it, Esade maintains its commitment to contributing to public debate with rigorous and plural analysis […]

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 […]

Esade publishes every six months, with the support of Banco Sabadell, the Economic and Financial Report, which on this occasion celebrates its 37th edition. With it, Esade maintains its vocation to contribute to public debate through rigorous and plural analysis that, as a prestigious school and with the complicity of its entire academic community, reinforces […]

In collaboration with Implement Consulting Group · With the support of Google ↓ Download the report  AI offers great potential to improve the delivery of public services while addressing particularly pressing challenges in the current Spanish context, such as reducing bureaucratic burdens and improving interactions with citizens. In a context like the current one, with […]

Since the launch of the European Recovery and Resilience Facility (RRF), analyzing and tracking the execution of funds allocated to Spain has been essential to evaluate not only economic absorption but also their capacity to drive significant transformations in the Spanish economy, as outlined in the Recovery, Transformation, and Resilience Plan. At EsadeEcPol, we have […]

Every six months, with the support of Banco Sabadell, Esade publishes the Informe Económico y Financiero (Economic and Financial Report), which on this occasion celebrates its 36th edition. Through it, Esade maintains its commitment to contributing to public debate with rigorous and plural analysis which, as a prestigious school and with the involvement of its […]

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 […]

→ Seasonal rentals in Barcelona have grown from 2.1% of total listings in 2019 to 14.4% in 2023: their relative share has increased sevenfold. → In Madrid, they have also grown exponentially, though less intensely: from 4% to 10% (3.5 times). → Meanwhile, the share of long-term rental listings among total advertisements has dropped in […]

Every six months Esade publishes, with the support of Banco Sabadell, the Informe Económico y Financiero (Economic and Financial Report), which will soon turn twenty. With this report Esade seeks to stay true to its mission and contribute to society with what it does best: providing knowledge to improve public debate. The Report thus aims […]

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 […]

Every six months Esade publishes, with the support of Banco Sabadell, the Informe Económico y Financiero (Economic and Financial Report), which will soon turn twenty. With this report Esade seeks to stay true to its mission and contribute to society with what it does best: providing knowledge to improve public debate. The Report thus aims […]

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 […]

As the volatility of short-term energy market prices increases due to exogenous shocks and the changing nature of the energy mix market interventions are gaining importance in the policy debate. Accurate and robust quantification of their impact is becoming therefore essential. This paper conducts a causality analysis to evaluate the Spanish ‘gas cap’ for electricity […]

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 […]

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: […]

For more than fifteen years, every six months Esade has published the Informe Económico y Financiero (Economic and Financial Report) with the support of Banco Sabadell. With this report, Esade seeks to stay true to its mission and contribute to society with what it does best, providing knowledge to improve public debate. The Report thus […]

Macro outlook, global focus and micro perspective for June 2023. Macro outlook The growth forecasts for the Spanish economy are positive in the short term: we estimate quarter-on-quarter GDP growth of around +0.5% in the second quarter. The services sector is driving this growth, which means that if its performance cools relative to expectations, growth […]

For more than fifteen years, every six months Esade has published the Informe Económico y Financiero (Economic and Financial Report) with the support of Banco Sabadell. With this report, Esade seeks to stay true to its mission and contribute to society with what it does best, providing knowledge to improve public debate. The Report thus […]

The most notable measure to curb the escalation of electricity prices during 2022 has been the temporary gas price cap implemented in Spain and Portugal. This is a compensation paid to combined cycle gas turbines (CCGT), coal, and cogeneration plants to lower the price offered in the wholesale market, thus seeking a decrease in the […]

Based on data collected in real time by a scraping bot that stores, processes and analyses the results of all calls for grants linked to the European Recovery and Resilience Facility funds, the EsadeEcPol and EY Insights Next Generation EU Funds Observatory has identified the following key features that currently characterise both the calls and […]

One of the most significant measures enacted so far to moderate the escalation of electricity costs is the gas cap implemented exceptionally in Spain and Portugal. This so-called cap is a compensation paid to electricity companies using this fossil fuel to lower the price offered in the wholesale market. In doing so, it is intended […]

For more than fifteen years, every six months Esade has published the Informe Económico y Financiero (Economic and Financial Report) with the support of Banco Sabadell. The Report aims to offer a snapshot of the global and Spanish economic landscape and, in each edition, focuses on an issue of particular relevance to current economic affairs. […]

In this policy brief we present the study that, to date, offers the most detailed analysis of the effect of the discount on fuel prices. To do so, we develop an econometric model that allows us to predict fuel prices with 99% accuracy using daily data from the more than 11,000 service stations in Spain […]

The new goal of ending EU reliance on Russian energy is in addition to and must be reconciled with the existing goal of decarbonising the Spanish economy. This reconciliation seems obvious in the very long term, but in the short and medium terms, it poses challenges for Spain and other countries: The immediate upward pressure […]

This policy brief analyses the initial results produced by a tool for monitoring the implementation of European funds that we have developed in the NextGeneration EU Funds Observatory managed by EsadeEcPol-EYInsights. The tool is an algorithm that enables automatic searches of the real-time information on NEXT-EU funds (RRM and REACT-EU) now available in a disorderly manner in various Spanish government databases. The tool is used to report on who is implementing these European funds, what is being implemented, and how the task is managed. In this report, we show the results obtained during the implementation of the Recovery, Transformation & Resilience Plan through tenders up to February 2022.

In public debate, polarization is usually presented as inevitable, extreme and omnipresent, in the territorial sphere as well as in the spheres of ideology and identity. Nevertheless, the results of the ICIP-EsadeEcPol survey – conducted in 2021, presented here, and aimed at analyzing the nature and measuring the severity of polarization in Spain – show […]

The short- and medium-term effect of the economic decoupling between Russia and Europe resulting from the invasion of Ukraine is a double blow to Spaniards’ purchasing power, combining rising inflation and slowing GDP growth. We expect the crisis to reduce Spain’s expected growth for 2022 by more than 1%, with upside risks. Inflation, for its […]

For more than fifteen years, Esade, with the support of Banco Sabadell, has published the Informe Económico y Financiero (Economic and Financial Report) twice a year. The Report aims to analyse the main economic trends and contribute ideas to address the main economic policy challenges. Esade seeks to stay true to its mission and contribute […]

La llegada de los Next-Generation EU (NGEU), junto con los fondos pertenecientes al nuevo Marco Financiero Plurianual (MFP) 21-27, suponen un reto sin precedentes.

– Labour market segmentation is once again behind much of the painful labour market adjustment suffered by the Spanish economy over the last year: the Labour Force Survey (EPA) data for the first quarter of 2021, released this week, indicate that job destruction has been disproportionately concentrated in temporary contracts → any labour market reform, […]

En este Policy Brief analizamos las diez políticas palanca y la gobernanza del “Plan de Recuperación, Transformación y Resiliencia: España Puede”.

Spain’s most recent Labour Market Survey shows five major effects on the labour market.

The commitment reached by the EC is the most ambitious aid package in recent history.