Editorial: La Vanguardia

• The International Monetary Fund projects a global economic growth of 3%, but with persistent levels of poverty and inequality.
• The developed world runs the risk of a breach in the trade peace between the U.S and China and a possible burst of the tech bubble.
• A fall in the prices of tech companies' shares could toughen global financing conditions.
• Economists also warn of a financial crisis due to the lack of trust from financial markets because of public deficits and global debt.
• Spain's economy is expected to grow the most within the European Union in 2026, despite a slowdown compared to previous years.
• The growth of the Spanish economy will depend on factors such as employment, wage increases, purchasing power of pensions, public servants, and investment.
• Potential slowdowns are foreseen in exports and tourism in Spain, which may moderate job creation.
• The Spanish state's debt tends to decrease thanks to the increase in GDP.

Conclusion: A new year of robust economic growth is expected in Spain, in a climate of stability and confidence, provided that no unexpected events arise.

---