Spain is a centre-left governed country under Prime Minister Pedro Sánchez (PSOE), heading to a snap general election on November 29, 2026, after parliament rejected housing reforms and protests over affordability intensified. The economy shows mixed signals: GDP grew 0.6% in Q3 2026 (Eurostat), inflation rose to 4.9% in October 2026 (Eurostat), and public debt was 101.4% of GDP in Q2 2026 (Eurostat), while the IBEX 35 reached 19,369.50 on 2026-11-09.