April 2022 | No. 466

April 2022 | No. 466

Editorial

It is time for fiscal policy

Oriol Aspachs

Key points of the month

The turn of the central banks
José Ramón Díez

Forecasts and indicators

Forecasts and indicators - April 2022

Financial markets

The risk of stagflation seeps into the financial markets
Russia puts the global outlook for oil in check
Beatriz Villafranca Serrano
Fed and ECB, at different stages of the normalisation process
Ricard Murillo Gili

International economy

The immediate consequences of the war in Ukraine
European dependence on Russia: a primary issue
Clàudia CanalsLuís Pinheiro de MatosRita Sánchez Soliva
Impact of the war on the economic outlook: lower growth and higher inflation
Rita Sánchez Soliva

Spanish economy

The Spanish economy is beginning to feel the effects of the war in Ukraine
Geopolitical uncertainty and economic growth: the indirect impact of the Ukraine conflict in Spain
Oriol Carreras BaquerJavier García Arenas
Which sectors are most affected by the conflict in Ukraine?
Judit Montoriol GarrigaPedro Álvarez OndinaJavier Ibáñez de Aldecoa Fuster
The war between Russia and Ukraine will slow the recovery of the Spanish economy
Oriol Carreras Baquer
The rise in energy prices, also taking its toll on Spain’s current account balance
Nuria BustamanteSergio Díaz
Key points of the Action Plan: what measures will be taken in Spain to alleviate the impact of the war in Ukraine?
Javier García Arenas

Portuguese economy

The war sets back the Portuguese recovery, but it does not jeopardise it
Portugal: a first assessment of the impact of the war in Ukraine
Tiago Belejo CorreiaVânia Duarte
Portugal: what impact will the conflict in Ukraine have on growth?
Teresa Gil Pinheiro

Forecasts and indicators - April 2022

08 April 2022