The oil price seems to have boarded a roller coaster, and this makes it very difficult to predict its future trend. In the early stages of the year, oil production limits implemented by the OPEC countries and the recovery in investor sentiment kept the oil price afloat.
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Spain’s foreign sector has registered a surplus for the last 12 consecutive years. The strength of this success was proven last year, when the current account balance survived the energy crisis, which caused a sharp rise in the price of imported energy products and a marked deterioration in the trade balance.
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.
Imelda is a senior economist in the Banking Strategy Department. With a Master's degree in Financial Markets from the Catholic Institute of Business Administration (ICADE), before joining CaixaBank she worked as director of financial systems at Bankia Research. Her main areas of research include the Spanish banking system, especially tracking business volumes, as well as the competitive and regulatory environment of the financial sector.
Erik holds the position of research assistant for the Department of Spanish Economy. He graduated with honors in Economics from the Universitat Autònoma de Barcelona and has a Master Degree in International Trade, Finance and Development from the Barcelona School of Economics.
Isabella holds the position of research assistant in the Strategic Planning Department. She has a degree in Economics from the Autonomous University of Barcelona and a master's degree in Specialized Economic Analysis: International Trade, Finance and Development from the Barcelona School of Economics.
Giuseppe is a research assistant in the Spanish Economy Department. He holds a Master's in Economics from the Barcelona School of Economics and a Bachelor's in Economics from Bocconi University. Before joining CaixaBank, he was part of the macroeconomic research team at Intesa Sanpaolo. He collaborates with the Italian think tank Tortuga as a research fellow. His areas of study include macroeconomics and the labour market.
Alberto is a Senior Data Scientist in the Spanish Economics Department. A graduate in Particle Physics from the University of Turin, he was involved in searching for the Higgs boson when working as a doctorate student (University of Turin) with CMS at CERN in Geneva and as a postdoctoral researcher (University of Cantabria). Before joining CaixaBank he worked for 3 years for the consultancy firm AIA and a further 2 years for KDP, a joint venture between CaixaBank and AIA. His work at CaixaBank focuses on exploiting large amounts of data, both internal and from public sources, using machine learning technologies.
Roser is a senior economist in the Strategic Planning Department. She earned an MSc in Economics with Distinction from University College London (UCL). Before joining the Banking Strategy Department, she worked as an economist for the Research Dpt. and, before that, as an economist at a boutique firm specialising in macroeconomics, as well as for a risk capital investment fund. Her areas of study include the impact of climate change and technology in the banking sector.
Oriol is an economist at the Spanish Economics Department. PhD in Economics by the London School of Economics (LSE) and MSc in Economics and Finance by Centro de Estudios Monetarios y Financieros (CEMFI). Before joining CaixaBank, he worked as economist specializing on UK and Southern Europe at the National Institute of Economics and Social Research (NIESR) and as graduate teaching assistant at the LSE. His main areas of expertise include macroeconomics, with an emphasis on fiscal policy, and specializes on model-based forecasts of Spanish GDP growth.
Carolina is Secretary to the Chief Economist, Enric Fernandez, as well as an Assistant in the Strategic Planning and Research Division. She has a degree in Journalism and a Master in Business Communication from Universitat Autònoma de Barcelona, and has experience in the field of communication in a range of industries. Since joining CaixaBank she has worked in the Communication, Business and Senior Management departments. What she likes most about her job is being able to help the team in every way possible, with a positive attitude and desire to improve. A fan of nature, reading and cooking, she loves outdoor sports.
Ana Maria is an Assistant in the Strategic Planning and Research Division and carries out a variety of tasks to help and support various projects. With studies in administration, telephony and hairdressing, she also has extensive experience in customer service and sales after having worked at Decathlon and Telepizza. While at the company Taler she got to know the administrative world of the office in depth. A person who is engaged, very optimistic and with a great willingness to learn and overcome challenges every day. She loves travelling, dancing and enjoying the company of friends and family.
At a time when many countries are beginning to gradually lift the lockdown measures, and with the first estimates of GDP for Q1 2020, we can begin to glimpse the impact of the social distancing measures on the economy in this second quarter of 2020.
COVID-19 and the social distancing measures imposed to curb its spread have forced a large number of people to telework. This is a practice which has been somewhat uncommon in our society to date, but which will no doubt persist long beyond the current pandemic. The shift from going to the office – where a large number of tasks are carried out that could easily be performed remotely – to teleworking has ramifications in many areas, ranging from the purely economic to the social. In this article, we focus on the economic sphere, and particularly on the impact of teleworking on productivity.