Articles
Fiscal progress despite budget stalemate: Spain’s deficit contracts amid political gridlock
Autores:
Lago Peñas, Santiago
Despite operating without a new budget for two consecutive years, Spain has made notable progress in fiscal consolidation. Strong tax revenue growth and a buoyant labour market have offset the political impasse, allowing the deficit and debt ratios to continue falling.
The macroeconomic drivers of fiscal sustainability
Autores:
Fatás, Antonio
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.
Policy interest rates: The ECB’s strategic pause and medium term outlook
Autores:
Área financiera y digitalización
With inflation near target and growth subdued, the ECB has paused after eight rate cuts. The balance between disinflation, wage pressure, and fiscal risk will determine whether stability or tightening comes next.
The Spanish economy’s growth cycle: Constraints and outlook through 2027
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.
La igualdad frágil: cómo los eventos críticos frenan los avances de género
Autores:
Torre Fernández, Margarita
La igualdad frágil: cómo los eventos críticos frenan los avances de género Fecha: noviembre 2025 Margarita Torre Fernández* Igualdad de género, brecha de género, COVID-19 Panorama Social, N.º 42 (noviembre 2025) En las últimas décadas la igualdad de género en la academia ha avanzado, pero…