Logo of the KNOW NOW newsletter, composed of the letters of the word itself, and with reference to Financial Education, a BBVA and Funds People partnership. Logo of the KNOW NOW newsletter, composed of the letters of the word itself, and with reference to Financial Education, a BBVA and Funds People partnership.

#9 Implications of debt on the global economy

In a context of increasing economic and financial complexity, understanding the role of debt has become essential for interpreting the challenges and opportunities of the global economy.

In this edition, experts analyze the main concepts, trends, and implications of debt, from governments to companies, helping to frame investment decisions in a rapidly changing world.

  • 4 min

    Jorge Silveira Botelho | BBVA AM

    May 2026

    Excessive government debt has turned debt into a system of governance that sustains states and, consequently, the world order. Debt has ceased to be a mere financial instrument and has become a dangerous anchor of sovereignty.
    This new paradigm, rooted in this new world order, reflects a growing awareness that capital is a scarce resource, and that the greater demand for regional autonomy imposed by this new order may lead to a renewed drive to secure capital.

  • 3 min

    Funds People

    May 2026

    Debt sustainability measures a country’s ability to meet its financial obligations over time without defaulting or resorting to extraordinary measures.

  • 3 min

    Mário Pires | Schroders

    May 2026

    Global debt continues to rise and is expected to reach historic levels in 2025. But what does this mean for the economy, businesses, families, and also for investors?

  • 3 min

    JavIer García Díaz | BlackRock

    May 2026

    Understanding public finances involves analyzing a set of concepts and indicators that allow us to assess the financial situation of the State. Elements such as the primary balance, the budget deficit, and public debt are fundamental for interpreting the degree of balance in public accounts and the financing capacity of the economy.

  • 3 min

    Ana Carrisso | Fidelity

    May 2026

    Public debt is one of the main indicators of a country's economic health, reflecting the relationship between what the state owes and the wealth it manages to generate. More than just a number, this indicator influences political decisions, conditions public investment, and can have direct repercussions on the well-being of populations.

Financial Education

  • 3 min

    Mário Pires | Schroders

    May 2026

    In a global financial market where billions of euros circulate daily, trust is one of the most valuable assets. Credit rating agencies exist to measure this, assessing the ability of countries and companies to meet their financial obligations and translating that risk into a simple scale that is crucial for investors around the world.

  • 3 min

    Ana Carrisso | Fidelity

    May 2026

    When an investor analyzes a company's debt, it's not enough to reduce everything to a single number. You need to understand both whether the company owes money and whether it can sustain that debt and remain viable over time.

#8 Implications of Inequality for Economic Development

A more balanced distribution of income acts as a catalyst for dynamic consumption and the strengthening of human capital in nations. By optimizing well-being metrics and promoting sustainable investment, we create the ideal conditions for more robust and resilient economic growth. Understanding these dynamics is fundamental to transforming development potential into real prosperity for all sectors of society.

Find out what our experts think.

  • 4 min

    Jorge Silveira Botelho | BBVA AM

    February 2026

    More than looking at geopolitics, the secret lies in understanding what is happening in the real economy. It is precisely in this scenario of greater uncertainty and scarcity of capital that diversification becomes your best defense. Looking at these signs helps us find the safest ways to invest wisely and intelligently in this new reality.

  • 2 min

    Funds People

    February 2026

    GNI is often considered a more accurate measure than GDP for certain countries, as it incorporates global economic interactions. While GDP measures production within a country's borders, GNI more directly reflects the income actually available to its residents.

  • 3 min

    Mário Pires | Schroders

    February 2026

    Economic inequality is now one of the central themes in the debate on growth and sustainability. In this video, Mário Pires explains how the distribution of income, wealth and opportunities profoundly affects productivity, economic stability, and social cohesion.

  • 5 min

    André Themudo | BlackRock

    February 2026

    Economic inequality is one of the main challenges facing contemporary economies, reflecting how income, wealth, and access to opportunities are distributed in society and influencing economic and social development.

  • 3 min

    Ana Carrisso | Fidelity

    February 2026

    Economic inequality continues to dominate public and political debate, but understanding the data behind the numbers is essential to grasping its true impact on societies.

Financial Education

  • 3 min

    Mário Pires | Schroders

    February 2026

    Managing income goes beyond simply meeting immediate needs. Proper financial planning allows you to prepare for medium- and long-term goals, protecting the value of your savings over time.

  • 3 min

    André Themudo | BlackRock

    February 2026

    As an aggregate measure, GDP provides information about the size of the economy. Expressing it per capita allows for a more in-depth analysis, offering an approximation of the average level of production and income per inhabitant.

  • 3 min

    Ana Carrisso | Fidelity

    February 2026

    Like a rollercoaster, volatility manifests itself when abrupt rises and falls occur in a short period of time. Although it may seem negative at first glance, it doesn't have to be: Volatility also creates opportunities.

#7 What to expect from the economy and markets in 2026?

With the financial world constantly evolving, anticipating economic and market trends for 2026 is crucial to optimizing your financial strategy.

Discover the outlook for 2026, according to our experts.

  • 3 min

    Mário Pires | Schroders

    December 2025

    In this new era marked by slow growth and persistent inflation, creating diversified and resilient portfolios requires a new approach. Discover the three fundamental principles for investing in 2026.

  • 5 min

    André Themudo | BlackRock

    December 2025

    In a more fragmented world, 2026 will be a test of the adaptability of governments and investors in the face of a new economic regime in formation. So what are the most effective strategies for navigating uncertainty?

  • 5 min

    Ana Carrisso | Fidelity

    December 2025

    The global economic framework for 2026 appears to be a continuation of the current geopolitical fragmentation and divergence in monetary and fiscal policies. Ana Carrisso presents the outlook for the main economic areas.

Financial Education

  • 3 min

    Mário Pires | Schroders

    December 2025

    A premium can represent opportunity, but it also signifies risk. Understanding the meaning of different types of premiums helps to evaluate this relationship, improving the potential return on investment.

  • 3 min

    André Themudo | BlackRock

    December 2025

    The exchange rate is one of the most important economic indicators, with a direct impact on prices, investments, international trade, and the competitiveness of companies. Discover more about the different exchange rate regimes that each country can adopt.

  • 3 min

    Ana Carrisso | Fidelity

    December 2025

    Like a rollercoaster, volatility manifests itself when abrupt rises and falls occur in a short period of time. Although it may seem negative at first glance, it doesn't have to be: Volatility also creates opportunities.

  • 5 min

    Luís Sancho | BBVA AM

    December 2025

    Trump's agenda replaced 'old alliances' with unbalanced bilateral relations, forcing a surprising pragmatic adaptation of the global economy. In this article, Luís Sancho analyzes how the world minimized the shock of tariffs, projects the impact of AI on the US labor market, and anticipates a 'Goldilocks' scenario (moderate growth and contained inflation) for 2026.

#6 The main asset classes and the outlook for the second half of the year.

Despite the uncertainty that continues to mark global markets, new opportunities are also emerging. In this issue we explore topics with strategic potential, such as artificial intelligence, bonds, commodities and the importance of diversification when building solid portfolios that are prepared for the future. Find out what our experts think.

Financial Education

  • 3 min

    Mário Pires | Schroders

    June 2025

    Anyone who pays attention to financial issues has certainly heard of bonds. In short, a bond is essentially a loan. Whoever buys it is lending money to an entity for an agreed period. Learn more about this asset class.

  • 3 min

    André Themudo | BlackRock

    June 2025

    In financial terms, commodities function as investment instruments. Understanding them is essential for effective diversification and risk management strategies, also influencing exchange rates, final prices and macroeconomic decisions.

  • 3 min

    Ana Carrisso | Fidelity

    June 2025

    Almost every day we hear about the stock market: how much the shares are worth, whether they have fallen or risen in line with current events. However, one thing is what is familiar to us and another is understanding how the capital market works.

Financial Education

BBVA KNOW [NOW] - Learn from experts

Discover all the articles from the partnership. BBVA KNOW [NOW] - Learn from experts.