Filter all of our publications to find the ones about the geography you are most interested in.
Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
December 23, 2024
With 30 editions already published, the BBVA Regional Economic Yearbook is the most detailed and complete report on the economy of the regions of Catalonia. Online access through a digital portal is a new feature this year. The increase in Catalonia’s GVA in 2023 (2.9%) has already brought it back to pre-pandemic levels.
December 5, 2024
GDP will grow 2.5% in 2025 and 3.2% in 2026, driven by private consumption in durable goods, semi-durables, and services starting in 2026, and by fixed investment in infrastructure, machinery, and housing. Inflation will be 3.1% in 2026, with lower interest rates strengthening financial conditions.
December 5, 2024
GDP growth in 2024 has been revised upward by 0.2 percentage points, reaching 3.1%, driven by stronger-than-expected performance in the third quarter and a slight acceleration in job creation in the fourth. Growth is projected at 2.3% in 2025 and could settle at 1.7% in 2026.
December 4, 2024
The Peruvian economy will grow 3,1% in 2024, 0,2pp more than expected in October. The revision mainly reflects the third quarter positive surprise. For 2025 we expect a 2,7% expansion, amid a challenging external context, but also when large infrastructure projects will begin construction.
December 4, 2024
Growth will be around 3% for the third consecutive year in 2024, but a slowdown ahead is likely, driven by a less supportive global environment and higher-than-anticipated SELIC rates. The balance of risks has recently worsened, reflecting global factors and rising concerns over fiscal imbalances.
December 2, 2024
The change of cycle expected by the sector was confirmed. The repeal of the Rent Law, the resurgence of loans, a greater control of inflation and recovering real wages augur a further expansion of the real estate market.
December 2, 2024
We expect US protectionism to fuel uncertainty, and pressure global growth downwards and inflation upwards. In Türkiye, soft landing efforts remain on growth and employment outlook, increasing the downside risks on public spending cuts. Monetary policy communication becomes less hawkish and signals an easing cycle soon.
November 28, 2024
We keep our GDP growth forecast for 2024 unchanged at 1.2%, and 1.0% for 2025; the favorable impact of economic activity in 2H24 is offset by lower exports and investment in the face of new tariffs next year.
November 4, 2024
The Mexican economy will grow at an annual rate of 1.2% by the end of 2024. Construction will close with a GDP growth of 10.1%, accumulated to the 2Q24, and will sustain the weak growth of the Mexican economy in 2024.
Filter all of our publications to find the ones about the geography you are most interested in.
Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
December 27, 2024
All but one FOMC member voted last week to continue removing monetary policy restriction through a 25bp cut, but the Fed also signaled a slower pace of further adjustments due to the incipient but increased uncertainty about inflation next year.
December 26, 2024
The Central Bank (CBRT) lowered the policy rate by 250bps to 47.5%, beating the market expectations of 150-200bps cut (vs. our 100bps cut call), but with a narrowed down symmetric interest rate corridor of 150bps from 300bps. The distribution of the meeting dates will be key to see how the real rates will evolve.
December 26, 2024
With Christmas and the start of the new year nearly upon us, it is always good to look back and review what has happened over the last 12 months. My goal here is to do a mea culpa on where we got things wrong when we laid out our economic scenario a year ago.
December 23, 2024
The Senate of the Republic approved a resolution mandating that minimum wages be adjusted annually, at least in line with inflation, to prevent the loss of purchasing power and benefit low-income workers.
