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March 2016 | No. 399DossierOil: past, present and futureContent available in catalan spanishPrint Download File Editorial Oil: a cheap but scarce resource? Jordi Gual Key points of the month Financial headwinds in the world economy Forecasts and indicators ForecastsKey indicators financial marketsKey indicators international economyKey indicators European UnionKey indicators Spanish economy Financial markets Economic outlook Light at the end of the tunnel? Focus The real value of value investing Focus Can the ECB easily extend its public sector purchase programme? International economy Economic outlook The world economy: financial uncertainty is damaging economic sentiment Focus Institutions in Latin America: a watershed Focus Hong Kong: to break or not to break with the US dollar European economy Economic outlook Moderate growth that is taking its time to build up steam Focus Low inflation: oil and nothing else? Focus The ECB and the slump in oil prices Spanish economy Economic outlook The pace of growth is still robust Focus How does the type of employment contract affect productivity? Focus Demand for housing is picking up Focus The points of support for corporate profitability DossierOil: past, present and future Focus Financial stability and cheap oil: a blessing or a curse? Focus The outlook for the price of oil Focus The tumultuous life of the price of oil Focus The Spanish economy and oil: a close relationship