BBVA Research
Our featured publications
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.
February 14, 2025
Spain | Reaping the Benefits of Renewable Energy in the Spanish Economy
This study investigates how much the growing penetration of low-marginal-cost renewables contributes to lowering prices, and whether a ‘merit-order effect’ could limit the further expansion of renewable energy in Spain.
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February 13, 2025
Spain | Monetary policy pass-through in the loosening cycle
Spanish banks are rapidly translating the reduction in official interest rates to new lending operations' interest rates, which benefits borrowers. In the case of deposits, the transmission is slightly slower than in the hiking cycle, which benefits depositors.
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February 7, 2025
Mexico | FDI increased in the manufacturing sector in 3Q24
As of the third quarter of 2024 (3Q24), the trade deficit is 11 billion dollars. In the same period, foreign direct investment (FDI) continues to flow to Mexico. Through 3Q24, the country has attracted 35.7 billion dollars, a slight increase of 1.5% compared to the same period of the previous year.
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February 7, 2025
Global | The Relevance of Climate Change Narratives
Narratives play a crucial role in decision-making. As political polarization shapes public opinion, the challenge lies in crafting transformative climate change narratives that are grounded in scientific knowledge, bridge ideological divides, and mobilize effective policies.
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February 5, 2025
Mexico | Public debt increases by almost 5 percentage points of GDP in 2024
The Historical Balance of Public Sector Borrowing Requirements (HBPSBR) was 51.4% of GDP at the end of 2024. We expect this indicator of public debt-to-GDP ratio to be 53.1% at year-end.
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December 23, 2024
Spain | 2024 Regional Economic Yearbook of Catalonia
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.
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Our most recent publications
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.
February 19, 2025
Mexico | Temporary nature of textile tariffs must be enforced; emphasizing customs control
Mexico imposes temporary tariffs of 15 to 35% on 155 tariff items in the textile and clothing industry, modifies the Immex Decree to limit access in these sectors. Finally, it establishes a global rate of 19% on products imported through digital platforms from countries without a trade agreement, including China.
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February 19, 2025
Asia| US reciprocal tariffs offer no help in narrowing trade deficits with Asian economies
This report examines U.S. reciprocal tariffs on Asian economies after President Trump’s announcement to match trading partners' tariffs. Findings show these tariffs won’t significantly cut U.S. trade deficits, as imbalances stem from comparative advantages, supply chains, and production costs, not tariff rates.
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February 17, 2025
Peru | GDP continued to accelerate at the end of last year and thus grew 3.3% in 2024
GDP grew 4.9% y/y in December. By productive sectors, the primary component stood out (+9.0%) due to the strong expansion of the fishing sector and the advance of the agricultural sector. On the non-primary component side, it grew 3.3%. With the December result, GDP grew 4.2% in Q4 and 3.3% in 2024.
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