January 2023 | No. 474

January 2023 | No. 474

Editorial

The outlook in perspective

Oriol Aspachs

Key points of the month

Seeking a soft landing
José Ramón Díez

Forecasts and indicators

Forecasts and indicators - January 2023

Financial markets

A red year-end in the financial markets
The reduction of the ECB’s balance sheet in 2023
On the uncertainty of the neutral interest rate
Antonio MontillaEduard Llorens i Jimeno

International economy

What can we expect in 2023?
EU and China: mapping out a strategic interdependence II
Luís Pinheiro de Matos

Spanish economy

The Spanish economy remains resilient
A new action plan to mitigate inflation: the key points
Javier García Arenas
Recent trends in the labour share
Oriol Carreras Baquer

Portuguese economy

Forecasts and indicators - January 2023

12 January 2023