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March 2016| No. 399DossierOil: past, present and futureContent available in catalan spanish Print Download File Editorial Oil: a cheap but scarce resource? Jordi Gual Key points of the month Financial headwinds in the world economy Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook Light at the end of the tunnel? Focus Can the ECB easily extend its public sector purchase programme? Focus The real value of value investing International economy Economic outlook The world economy: financial uncertainty is damaging economic sentiment Focus Hong Kong: to break or not to break with the US dollar Focus Institutions in Latin America: a watershed European economy Economic outlook Moderate growth that is taking its time to build up steam Focus Low inflation: oil and nothing else? Focus The ECB and the slump in oil prices Spanish economy Economic outlook The pace of growth is still robust Focus How does the type of employment contract affect productivity? Focus The points of support for corporate profitability Focus Demand for housing is picking up DossierOil: past, present and future Focus The tumultuous life of the price of oil Focus The outlook for the price of oil Focus Financial stability and cheap oil: a blessing or a curse? Focus The Spanish economy and oil: a close relationship