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Economy

Economic outlook: GDP, inflation, employment, monetary policy and the decisions that move the Spanish economy.

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Ground-level view of an oil refinery at sunset, with distillation towers and pipes silhouetted against the orange sky

Global fossil fuel consumption hits a new record in 2025

Global fossil fuel consumption reaches a new record in 2025, with oil, gas, and coal covering 86% of global energy demand, according to the Energy Institute.