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May 2015| No. 390DossierThe sustainability of debt at a global levelContent available in catalan spanish Print Download File Editorial The role of debt in the recovery – part of the problem or part of the solution? Jordi Gual Key points of the month Global growth is gradually speeding up Previsiones e indicadores PrevisionesPrincipales indicadores financierosPrincipales indicadores económicosPrincipales indicadores económicos de la zona euroPrincipales indicadores económicos de España Financial markets Economic outlook Setbacks on the road: old obstacles and new challenges Focus Shortage of safe assets in financial markets Focus The challenges facing the pension and insurance sector in a context of low interest rates International economy Economic outlook Winter slump in the US and slowdown in China Focus The deterioration in Brazil's outlook: a bad patch or something more deep-rooted? Focus On the restructuring of sovereign debt European economy Economic outlook The recovery continues at a good rate but there are still risks Focus Are labour costs converging in euro area countries? Focus Portugal: making good progress but still with some homework to do Spanish economy Economic outlook Growth speeds up with the support of consumption Focus The "la Caixa" Research real estate thermometer: the vital signs of a sector starting to revive Focus Job polarisation in Spain Focus The use of the Social Security Reserve Fund DossierThe sustainability of debt at a global level Focus Should we no longer worry about the level of debt? Àlex Ruiz Focus Crisis, debt and economic policy, a controversial triangle Clàudia Canals Focus The role of bank credit in Spain's recovery – another phoenix miracle? Judit Montoriol Garriga Focus Alternative financing is possible, but is it safer? Sandra Jódar Rosell
Focus The "la Caixa" Research real estate thermometer: the vital signs of a sector starting to revive