January 2023 | No. 474

January 2023 | No. 474

Editorial

The outlook in perspective

Oriol Aspachs

Key points of the month

Seeking a soft landing
José Ramón Díez

Forecasts and indicators

Forecasts and indicators - January 2023

Financial markets

A red year-end in the financial markets
The reduction of the ECB’s balance sheet in 2023
On the uncertainty of the neutral interest rate
Antonio MontillaEduard Llorens i Jimeno

International economy

What can we expect in 2023?
EU and China: mapping out a strategic interdependence II
Luís Pinheiro de Matos

Spanish economy

The Spanish economy remains resilient
A new action plan to mitigate inflation: the key points
Javier García Arenas
Recent trends in the labour share
Oriol Carreras Baquer

Portuguese economy

January 2023| No. 474

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Editorial

The outlook in perspective

Key points of the month

Seeking a soft landing

José Ramón Díez

Forecasts and indicators

Forecasts Key indicators

Financial markets

Economic outlook

A red year-end in the financial markets

Focus

The reduction of the ECB’s balance sheet in 2023

Focus

On the uncertainty of the neutral interest rate

Antonio Montilla

Eduard Llorens i Jimeno

International economy

Economic outlook

What can we expect in 2023?

Focus

EU and China: mapping out a strategic interdependence II

Luís Pinheiro de Matos

Spanish economy

Economic outlook

The Spanish economy remains resilient

Focus

A new action plan to mitigate inflation: the key points

Javier García Arenas

Focus

Recent trends in the labour share

Oriol Carreras Baquer

Portuguese economy

Economic outlook

The Portuguese economy: mixed signals in Q4 2022

Focus

The paradox of the Portuguese labour market: high long-term unemployment and record job vacancies

Vânia Duarte