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The health crisis brought about by COVID-19 has forced large parts of society to quickly and unexpectedly adapt to remote working, a relatively minority practice in Spain prior to the outbreak of the pandemic. Does Spain simply lack the potential to telework or, on the contrary, does it has the potential but fails to exploit it?

The movement in the financial markets of recent weeks serves to consolidate the sensation that the interest rate regime will regain a degree of normality in the medium term, following the anomaly in the pattern of monetary policy in much of the last decade. This will mean higher real or equilibrium natural rates of interest than we have had in recent years.

The Spanish labour market has changed its growth pattern since the pandemic, showing an increase in employment in sectors such as health, education and technology. Is this new model favouring an increase in productivity? We analyse the impact of the composition effect and how it compares with other expansive cycles.

Although it is still very difficult to quantify the impact of the escalation of the war in Gaza on the world economy, what is clear is that one of the main focuses of attention falls on the oil market. So far, the financial markets have reacted relatively cautiously, although volatility has increased. In the crude oil market, there has been some upward pressure on prices.

Euro area inflation has been steadily declining for one clear reason: easing energy tensions. The question now is whether it will continue to fall rapidly towards 2% or whether it will encounter new pitfalls that hinder its downward path.

Following a September full of announcements, the next meeting of the ECB (24 October) will be one of transition, at least in one way: 31 October 2019 will mark the end the mandate of Mario Draghi, the most charismatic president1 in the institution’s history.

The world economy ended the first half of 2023 with three major dynamics: economic activity remained resilient, inflation fell steadily in all major economies, and financial conditions continued to tighten.

The COVID-19 crisis has been a shock on a global scale, but its economic impact has been quite uneven from country to country, reflecting differences in productive structures and public policy response. Given this asymmetry, it is no surprise that the recovery is also occurring at very different paces, exacerbated by the discriminatory access to the vaccines and the continuous new outbreaks of the virus.