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property="schema:name">2025 global outlook: in search of a new normal</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Dossier</div></div><div class="box_author_date box_ad box_with_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-complete-teaser"> <a href="/en/author/jose-ramon-diez"><div class="field_fotografia field"><div class="field_media_image field"> <img src="/sites/default/files/styles/index_autor/public/content/image/2022/03/22/34454/joseramondiez-bn-cuadrada.jpg?itok=onBpj1ja" width="136" height="136" alt="José Ramón Díez" loading="lazy" typeof="foaf:Image" /></div></div><div class="author-info"><div class="nom"><div class="name field"> José Ramón Díez</div></div></div> </a></div></div></div><div class="created">November 18th, 2024</div></div></article></div></div></div></div></li><li class="menu-item menu-item--expanded"> <a href="/en/sectoral-analysis" 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about="/en/sectoral-analysis/sectoral-observatory/perspectivas-economia-espanola-clave-sectorial-2024-2025" data-type="sectorial_report_article"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/menu_destacado/public/content/image/2024/11/27/91184/pag-15_is-observatorio-2024.jpg?itok=xz6GfDLy" width="400" height="200" alt="pag-15_is-observatorio-2024" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/sectoral-analysis/sectoral-observatory/perspectivas-economia-espanola-clave-sectorial-2024-2025"><span>Perspectivas de la economía española en clave sectorial 2024-2025</span></a></h2><div class="box_author_date box_ad box_with_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/david-cesar-heymann" class="author-complete-teaser"> <a href="/en/author/david-cesar-heymann"><div class="field_fotografia field"><div class="field_media_image field"> <img 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Foto de Jennifer Grismer en Unsplash" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/sectoral-analysis/consumption/sequia-cataluna-ha-modificado-gasto-agua-hogares?1075"><span property="schema:name">La sequía en Cataluña ¿ha modificado el gasto en agua de los hogares?</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Economía española</div></div><div class="box_author_date box_ad box_no_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/josep-mestres-domenech" class="author-name-teaser"><div class="nom"><a href="/en/author/josep-mestres-domenech"><div class="name field"> Josep Mestres Domènech</div> </a></div></div></div><div class="autor"><div about="/en/author/zoel-martin-vilato" class="author-name-teaser"><div class="nom"><a href="/en/author/zoel-martin-vilato"><div class="name field"> Zoel Martín Vilató</div> </a></div></div></div></div><div class="created">December 9th, 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view view-eva view-lista-articulos view-id-lista_articulos upper_menu_anchors view-display-id-etiquetas js-view-dom-id-1632dc47e39d9f796289e69a691bf9b221ad946a1088a97e82ba37526c1c724f"><div class="flex three-columns-gap20 wrap"> <article data-history-node-id="13050" role="article" lang="es" about="/en/economics-markets/recent-developments/no-tiempo-inaccion" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/no-tiempo-inaccion"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/12/09/34529/opinion-semaforo-stop-kai-pilger-1k3vsv7iiic-unsplash.jpg?itok=pEbBwgQG" width="433" height="289" alt="Semáforo en rojo. Foto de Kai Pilger en Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/opinion" hreflang="es">Opinión</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/no-tiempo-inaccion"><span property="schema:name">No es tiempo para la inacción</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 9 Dec 2024</div></div></article><article data-history-node-id="12959" role="article" about="/en/economics-markets/recent-developments/spanish-economy-continues-beat-expectations" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/spanish-economy-continues-beat-expectations"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/11/11/34529/opinion-margaritas-nenad-tocilovac-ue5ih3vfhy4-unsplash.jpg?itok=6U1z3Wnx" width="433" height="289" alt="Margaritas. Photo by Nenad Tocilovac on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/spanish-economy-continues-beat-expectations"><span property="schema:name">The Spanish economy continues to beat expectations</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 19 Nov 2024</div></div></article><article data-history-node-id="12965" role="article" about="/en/economics-markets/recent-developments/liquid-times-solid-economy" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/liquid-times-solid-economy"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/11/11/34529/opinion-nubes-pintura-pawel-czerwinski-xqqd6jkdksm-unsplash.jpg?itok=rTaYpr4D" width="433" height="289" alt="Tintes líquidos de colores. Photo by Pawel Czerwinski on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/liquid-times-solid-economy"><span property="schema:name">Liquid times, solid economy?</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 14 Nov 2024</div></div></article><article data-history-node-id="12884" role="article" about="/en/economics-markets/recent-developments/five-keys-spains-economic-strength" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/five-keys-spains-economic-strength"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/10/10/34529/opinion-liebre-vincent-van-zalinge-kevb5mnmzwa-unsplash.jpg?itok=r6sI_kDB" width="433" height="289" alt="Liebre en un prado. Foto de Vincent van Zalinge on Unsplash " loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/five-keys-spains-economic-strength"><span property="schema:name">The five keys to Spain’s Economic strength</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 16 Oct 2024</div></div></article><article data-history-node-id="12888" role="article" about="/en/economics-markets/recent-developments/us-elections-new-phase" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/us-elections-new-phase"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/10/14/34529/us-kamala-harris-colin-lloyd-keg6jzwqoze-unsplash.jpg?itok=pXbkiH_Q" width="433" height="289" alt="Deportivas customizadas para dar apoyo a Kamala Harris. Foto de Colin Lloyd on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/us-elections-new-phase"><span property="schema:name">US elections in a new phase</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 16 Oct 2024</div></div></article><article data-history-node-id="12766" role="article" about="/en/economics-markets/recent-developments/we-are-where-we-left" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/we-are-where-we-left"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/09/04/34529/opinion-pc-reiniciar-clint-patterson-ygpxcyps8h4-unsplash.jpg?itok=iXaqhhcE" width="433" height="289" alt="Ordenador portátil reiniciándose. Photo by Clint Patterson on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/we-are-where-we-left"><span property="schema:name">We are where we left off</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 16 Sep 2024</div></div></article><article data-history-node-id="12660" role="article" about="/en/economics-markets/recent-developments/something-moving-international-economy" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/something-moving-international-economy"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/07/11/34529/opinion-catalejo-kit-suman-my_mo0w6-dq-unsplash.jpg?itok=_TTCyo8d" width="433" height="289" alt="Catelejo. Photo by Suman My on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/something-moving-international-economy"><span property="schema:name">Something is moving in the international economy</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 15 Jul 2024</div></div></article><article data-history-node-id="12558" role="article" about="/en/economics-markets/recent-developments/great-challenge-spanish-economy-improve-productivity" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/great-challenge-spanish-economy-improve-productivity"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/06/12/34529/opinion-productividad-abeja-ibrahim-ozdemir-rrdhlksyoxy-unsplash.jpg?itok=52DmETWu" width="433" height="289" alt="Abeja. Photo by Ibrahim Ozdemir on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/great-challenge-spanish-economy-improve-productivity"><span property="schema:name"> The great challenge of the Spanish economy: to improve productivity</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 19 Jun 2024</div></div></article><article data-history-node-id="12559" role="article" about="/en/economics-markets/recent-developments/quo-vadis-europe" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/quo-vadis-europe"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/06/12/34529/europa-ue-roma-antoine-schibler-gimanuxzjbk-unsplash.jpg?itok=AQD08tDN" width="433" height="289" alt="Bandera de la Unión Europea ondeando en Roma. Photo by Antoine Schibler on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/quo-vadis-europe"><span property="schema:name">‘Quo vadis’ Europe?</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 18 Jun 2024</div></div></article><article data-history-node-id="12490" role="article" about="/en/economics-markets/recent-developments/positives-and-negatives-global-economy-shortand-medium-term" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/positives-and-negatives-global-economy-shortand-medium-term"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/05/08/34529/sombra-tim-mossholder-ptc83uqj0cm-unsplash.jpg?itok=MdrVwu6v" width="433" height="289" alt="Luces y sombras. Photo by Tim Mossholder on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/positives-and-negatives-global-economy-shortand-medium-term"><span property="schema:name">Positives and negatives in the global economy in the shortand medium term</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 14 May 2024</div></div></article><article data-history-node-id="12392" role="article" about="/en/economics-markets/financial-markets/central-banks-make-moves" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/financial-markets/central-banks-make-moves"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/04/09/34529/opinion-ajedrez-tanner-mardis-zbgdy5msdg4-unsplash.jpg?itok=sLfFygdE" width="433" height="289" alt="Jugadores de ajedrez en un parque. Photo by Tanner Mardis on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/financial-markets/central-banks-make-moves"><span property="schema:name">The central banks make moves</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 11 Apr 2024</div></div></article><article data-history-node-id="12333" role="article" about="/en/economics-markets/recent-developments/investment-capital-importance" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/investment-capital-importance"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/03/11/34529/inversion-precondo-ca-olsgcrlsykw-unsplash_0.jpg?itok=1V1lBRe_" width="433" height="289" alt="Investment. Photo by Prcondo Ca Olgscrlsykw on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/investment-capital-importance"><span property="schema:name">Investment is of capital importance</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 13 Mar 2024</div></div></article><article data-history-node-id="12228" role="article" about="/en/economics-markets/recent-developments/good-2023-what-about-2024" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/good-2023-what-about-2024"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/02/08/34529/opinion-interrogante-ana-municio-pbznth58glq-unsplash.jpg?itok=4Lom5RM-" width="433" height="289" alt="Cantos rodados, uno de ellos con el signo de interrogación. Photo by Ana Municio on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/good-2023-what-about-2024"><span property="schema:name">A good 2023. But what about 2024?</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 14 Feb 2024</div></div></article><article data-history-node-id="12231" role="article" about="/en/economics-markets/recent-developments/surprises-resilience-and-central-banks" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/surprises-resilience-and-central-banks"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/02/09/34529/opinion-resiliencia-pedro-sanz-5viucbixywa-unsplash.jpg?itok=30CRGbGu" width="433" height="289" alt="Pino en Fornalutx, Mallorca. Photo by Pedro Sanz on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/surprises-resilience-and-central-banks"><span property="schema:name">Surprises, resilience and central banks</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-name-teaser"><div class="nom"><a href="/en/author/jose-ramon-diez"><div class="name field"> José Ramón Díez</div> </a></div></div></div></div><div class="fecha"> 13 Feb 2024</div></div></article><article data-history-node-id="12135" role="article" about="/en/economics-markets/recent-developments/2024-year-improvement" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/recent-developments/2024-year-improvement"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/01/11/34529/opinion-hojas-detalle-tolga-ulkan-9k36qqha0cu-unsplash.jpg?itok=cVS5CMAh" width="433" height="289" alt="Hojas. Photo by Tolga Ulkan on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/opinion" hreflang="en">Opinion</a></div><h2 class="teaser_title"><a href="/en/economics-markets/recent-developments/2024-year-improvement"><span property="schema:name">2024: a year of improvement</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/oriol-aspachs" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-aspachs"><div class="name field"> Oriol Aspachs</div> </a></div></div></div></div><div class="fecha"> 16 Jan 2024</div></div></article></div> <nav class="pager" role="navigation" aria-labelledby="pagination-heading"><h4 id="pagination-heading" class="visually-hidden">Pagination</h4><ul class="pager__items js-pager__items"><li class="pager__item is-active"> <a href="?page=0" title="Current page"> <span class="visually-hidden"> Current page </span>1</a></li><li 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