Like every Monday, I encourage you to explore the main themes of the previous week in this 5-minute video. The video is accompanied by a one-page slide showing our updated macroeconomic stance on the key global macroeconomic variables for the coming years: growth, inflation and short/long-term interest rates in the US, Europe, China and Spain. Please note that we have revised our future outlook in the light of the more hawkish tone of central banks.