April 2017 | No. 411

April 2017 | No. 411

Editorial

The pension debate

Enric Fernández

Key points of the month

Economic activity is speeding up but uncertainty remains high

Forecasts and indicators

Indicators and forecasts

Financial markets

International economy

Economic activity set to improve in 2017
A downturn in international trade and global value chains?
Clàudia Canals
Quo vadis, Turkey?
Àlex Ruiz

European economy

Spanish economy

Dossier

Pension reform: an unavoidable debate
Àlex Ruiz
A longer life and a more active retirement
Josep Mestres Domènech
How to finance pensions
Anna Campos
Private savings for retirement: a complement to state pensions
Mathieu Jean Henri Fort

April 2017| No. 411

Dossier

Pensions: a necessary debate

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Editorial

The pension debate

Enric Fernández

Key points of the month

Economic activity is speeding up but uncertainty remains high

Forecasts and indicators

Forecasts Key indicators financial markets Key indicators international economy Key indicators European Union Key indicators Spanish economy

Financial markets

Economic outlook

An upward path beset with uncertainty

Focus

The Federal Reserve’s balance sheet: a double-edged sword?

Focus

The yield curve, growth expectations and probability of recession

International economy

Economic outlook

Economic activity set to improve in 2017

Focus

Quo vadis, Turkey?

Àlex Ruiz

Focus

A downturn in international trade and global value chains?

Clàudia Canals

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

Technology and good quality employment: a shifting relationship?

Focus

Structural unemployment in Spain

Josep Mestres Domènech

Focus

Spanish inflation and rising oil prices: different this time?

Dossier

Pensions: 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