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November 2016 | No. 406DossierIndustry 4.0Content available in catalan spanishPrint Download File Editorial The future of industry Enric Fernández Key points of the month A situation of calm and good figures for the final part of the year Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook Interest rates and inflation expectations on the rise, stock markets on hold Focus The IMF’s keys to global financial stability in the medium term Focus Stock markets in the emerging countries: the turn of domestic factors International economy Economic outlook The emerging countries are driving the global economy in the second half of 2016 Focus China’s financial system: a giant with feet of clay? Focus Emerging debt: a weak flank given the Fed’s monetary normalisation European economy Economic outlook Slow but steady progress in the euro area Focus Fiscal adjustment in the periphery: a job half done Focus Labour markets in the euro area after the crisis: a reality-check Spanish economy Economic outlook Economic growth is gradually maturing Focus Tourism, an exceptional year? Focus Demand for housing: uneven growth Anna Campos Focus Job quality: Spain within the international context DossierIndustry 4.0 Focus The future of industry in Spain Josep Mestres Domènech Focus The new industrial policy: challenges and opportunities Javier García Arenas Focus Industry is dead! Long live industry! Adrià Morron Salmeron Focus Industry as the crux of transformation: past, present and future Carlos Martínez Sarnago