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 its commitment to economic and social progress.<\/p>\n
In his welcome article, the Director of the Report and of EsadeEcPol, Toni Rold\u00e1n, emphasizes how 2025 marks a turning point in the global economic order after three decades of globalization under multilateral rules. He highlights the irreversible fracture of the global system\u2014accelerated by Donald Trump\u2019s reelection and his \u201cAmerica First\u201d doctrine\u2014and the new transactional phase of the United States, which treats the European Union as a commercial rival. At the same time, he underscores Spain\u2019s relatively favourable position, with GDP growth estimated between 2.4\u202f% and 2.6\u202f% for 2025, supported by strong domestic consumption, the surge in tourism and a labour market at historic lows; he also notes the boost from immigration and renewable energies, while warning of risks such as the structural public deficit, imbalances in the housing market and exposure to new U.S. tariffs.<\/p>\n
Next, the joint conjuncture note by Josep\u202fM. Comajuncosa and Manuel\u202fHidalgo first examines the synchronized cooling of the global economy\u2014with the IMF lowering its forecasts to 2.4\u202f% for 2025\u2014the moderation of inflation after recent geopolitical and financial tensions, and the narrow fiscal and monetary policy margins. It then analyses the evolution of the Spanish economy, which maintains robust growth (2.3\u202f%\u20132.6\u202f% projected for 2025), driven by high household savings, the private sector\u2019s strong financial footing, export dynamism and the deployment of Next Generation EU funds, while warning of challenges such as debt sustainability and public investment.<\/p>\n
In the “In Debate” section, four articles offer different perspectives on the new world economic scenario:<\/p>\n
Finally, the report concludes with reviews by Antonio\u202fGarc\u00eda\u202fMaldonado of two recent books:<\/p>\n
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 […]<\/p>\n","protected":false},"featured_media":12375,"template":"","yoast_head":"\n