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April 2017 | No. 411DossierPensions: a necessary debateContent available in catalan spanishPrint Download File Editorial The pension debate Enric Fernández Key points of the month Economic activity is speeding up but uncertainty remains high Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook An upward path beset with uncertainty Focus The yield curve, growth expectations and probability of recession Focus The Federal Reserve’s balance sheet: a double-edged sword? International economy Economic outlook Economic activity set to improve in 2017 Focus A downturn in international trade and global value chains? Clàudia Canals Focus Quo vadis, Turkey? Àlex Ruiz European economy Economic outlook The euro area’s economy is gaining traction in an uncertain environment Focus Euro area debt clock Focus Where are interest rates headed? The ECB and macroeconomic fundamentals Adrià Morron Salmeron Spanish economy Economic outlook No sign of a slowdown Focus Spanish inflation and rising oil prices: different this time? Focus Structural unemployment in Spain Josep Mestres Domènech Focus Technology and good quality employment: a shifting relationship? DossierPensions: a necessary debate Focus Pension reform: an unavoidable debate Àlex Ruiz Focus A longer life and a more active retirement Josep Mestres Domènech Focus How to finance pensions Anna Campos Focus Private savings for retirement: a complement to state pensions Mathieu Jean Henri Fort