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The government maintains a firm commitment to fiscal balance while upholding a "zero monetary issuance" policy for all items arising from the public sector. The slowdown in inflation has stalled since May, remaining around 4% monthly, and economic activity shows signs that the recession may have ended in Q2 2024.

Domestic demand will lead Colombia’s economic recovery, driven by improved financial conditions that will strengthen consumption and investment. This will provide a significant boost to sectors such as manufacturing and retail. In the long run, increasing investment will be essential to raise the country’s growth potential.

BBVA Research and the Mexican Association of Private Industrial Parks (AMPIP) conducted the second edition of the survey to identify opportunities and challenges of nearshoring

Climate is a relevant factor in the choice of a tourist destination. Changes in climate conditions could alter the seasonal and geographical pattern of tourism in Spain, with the impact depending on the adaptation policies implemented.

In this edition of the QLMO, we review the labor market situation with data available up to Q2 2024. We assess the progress of key indicators, explore employment rate differences between Spain and the EU, and place particular emphasis on the tr…

Artificial intelligence (AI) holds great potential for boosting economic productivity and driving climate action, supporting innovations for the energy transition. However, it also places increasing strain on energy and water resources.

In the second quarter of 2024, the current account deficit stood at 1.6% of GDP, the lowest level since 2009. FDI fell to 2.75% of GDP, though it was sufficient to finance the deficit. The deficit is expected to close 2024 at around 3% of GDP.

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Growth and inflation moderate; we estimate that a continuous cycle of rate cuts has begun. We revised downward the economic growth forecast for 2024 and 2025 given the weakening of domestic demand.

GDP will grow 2.9% this year and 2.7% in 2025. Private spending will gain traction in the coming quarters, supported by more favourable financial conditions, the impact of private pension funds withdrawals, and the beginning of construction of some infrastructure projects, while public spending will moderate.

Consumer prices rose by %2.97 m/m in September, higher than our expectation (2.5%). The annual consumer inflation came down below 50% on the back of base effects, while the underlying consumer inflation trend worsened. We expect inflation to de…

Large fluctuations in the USD/MXN exchange rate impact Mexican migrants' decisions on the amount to remit. In August, the peso depreciated 5.4%, which boosted a 9.3% growth in remittances to Mexico in dollars and an increase converted into peso…

The Middle East conflict escalates with Iran's launch of 200 missiles at Israel and enters the U.S. presidential election, which raises geopolitical risk.

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