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After a weak GDP growth of 0.4% in 2023, activity will grow 3.2% in 2024 due to the recovery of the agricultural sector, hydroelectric power generation and private consumption. Even so, reforms are needed to gain competitiveness and maintain a sustainable growth path.

We will review our growth forecasts for 2024 and 2025 once the reform of the judicial system is known, which could have significant impacts on investment

In 2024, strength of employment and services exports, maintain dynamism in Madrid, the Mediterranean and the islands. In 2025, tourism will lose momentum. Higher European demand and the end of the drought will shift growth to regions with more …

After 6 months in office, the government has made significant progress in improving the fiscal balance, which in turn resulted in a reduction of monetary issuance and a deceleration of inflation. The challenge now is to consolidate the fiscal s…

Output will grow 2,9% this year (previous forecast: 2,7%), supported by a new pension funds withdrawal. Sectors affected by weather anomalies in 2023 will recover and non-primary sectors too thanks to increased private spending. In 2025, once t…

Formal employment in Mexico continues decelerating, growing 2.2% in May 2024, 0.2 percentage points lower than the previous month. Job creation is expected to pick up in the third quarter but at a slower pace than in 2023.

GDP growth forecast for 2024 is raised to 2.5% thanks to the good performance of external demand, the increase in the labor force, and the execution of Recovery Plan funds. However, it will moderate to 2.1% in 2025, largely due to constraints in tourism growth.

Colombia's economic growth will begin to accelerate gradually during the second half of the year. Domestic demand is expected to consolidate by 2025. Growth is projected at 1.8% in 2024 and 2.8% in 2025. Inflation will continue to decrease, ena…

We summarize the recent development of the Chinese economy and highlight the unbalanced economic structure. Risks include the housing market, geopolitics, deflation and unbalanced economic structure. We also analyze the ongoing fiscal and monet…

The committed actions against inflation are well-received. Foreign currency demand of residents prior to the March local election has reversed and foreigners’ inflow for Turkish assets has accelerated. Yet, lagging fiscal measures & macro-prude…

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Our most recent publications

Banrep's Board maintained the pace of rate cuts of the last meetings, with a 50bp reduction in June, accumulating a total of 200bp since it began its downward rate cycle in December 2023. The decision was split, with 4 members in favor of the 50bp reduction, two members in favor of a 75bp reduction.

There are a wide number of important economic indicators that are not broadly disseminated when we refer to the economic situation and its forecasts. In this opportunity, we will focus on the most relevant macroeconomic balances: external and fiscal.

This note contains some relevant characteristics and results of the recently published National Survey on Financial Health (Ensafi) 2023, carried out to understand all the aspects that can define the state of financial health of adults in Mexic…

Following the strong push seen just before the official holidays’ week, FC adjusted weekly credit growth decelerated and turned into negative growth on the week ending on June 21st, also taking into account the negative calendar impact.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

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