December 2020 | No. 451

December 2020 | No. 451

December 2020 | No. 451

Dossier

2021 outlook

Content available in

Catalan Spanish

Perspectivas 2021

Editorial

Outlook: year 1 after the pandemic

Enric Fernández

Chief Economist

Key points of the month

China, and the rest of the world

Research Director

Forecasts and indicators

Forecasts Key indicators

Financial markets

Economic outlook

Optimism returns to the financial markets

Focus

Sharp rise in public debt: will the euro area resist?

Adrià Morron Salmeron

International economy

Economic outlook

The vaccine illuminates a difficult end to the year

Focus

Mobility and economic activity in the second wave: how much will GDP fall by in Q4?

Several authors

Focus

US: what will the new administration bring?

Clàudia Canals

Focus

COVID-19 and inflation: a statistically significant impact

Luís Pinheiro de Matos

Ricard Murillo Gili

Spanish economy

Economic outlook

Spain: a difficult end to the year and a recalibration of forecasts

Focus

The awakening of e-commerce in the retail sector

Javier Ibáñez de Aldecoa Fuster

Eduard Llorens i Jimeno

Portuguese economy

Economic outlook

Portugal: strong resilience and the vaccine, key for 2021

Focus

The Portuguese public accounts in the context of the pandemic

Vânia Duarte

Dossier

2021 outlook

The market-macroeconomic connection in times of pandemic

Adrià Morron Salmeron

Post-COVID-19 Europe: a story of convergence or divergence?

Álvaro Leandro

2021: notable but incomplete recovery of the Spanish economy

Oriol Carreras Baquer

Javier García Arenas

2021, a year of change