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Artículo
Private investment: The weak link in Spain´s expansionary phase
Fecha:
February 2026
Despite strong growth and unprecedented EU funding, private investment in Spain has
failed to recover to pre-pandemic levels, reflecting a persistent gap between the country’s favourable macroeconomic conditions and corporate investment behaviour. Heightened uncertainty and structural impediments have limited the crowding-in effects of public investment, weakening incentives for firms to commit capital despite supportive financing
conditions.
Artículo
La debilidad de la inversión privada en el actual ciclo expansivo
Fecha:
January 2026
Este trabajo examina la ejecución presupuestaria en 2025 y las proyecciones para el ejercicio fiscal de 2026.
Artículo
The Spanish economy’s growth cycle: Constraints and outlook through 2027
Fecha:
November 2025
Spain’s economy continues to outperform the eurozone average, driven by robust domestic demand and immigration-fueled job creation. Yet, structural weaknesses in housing, fiscal policy, and private investment pose growing constraints as external
demand fades.
Artículo
The macroeconomic drivers of fiscal sustainability
Fecha:
November 2025
Spain’s debt ratio has fallen more than four percentage points since 2019, outperforming most euro area economies thanks to strong growth and favorable financing conditions. Yet demographic headwinds and persistent productivity gaps are emerging as key risks to maintaining long-term fiscal sustainability.