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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

The Big Data Consumption Index accelerated in June, in an environment of lower inflation and interest rates, and the initiation of payments for provisional fund withdrawals. On the other hand, the Big Data Investment Indicator accentuated its contraction.

The labor market in May showed a gender gap in the national unemployment rate of 3.1 percentage points, the lowest since 2010, highlighting an advance in gender equity in Colombia.

The negative growth seen last week in FX-adjusted weekly credit growth turned back into strong growth as of end of 2Q’24. The acceleration was due to commercial and consumer credits of both public and private banks. Total credits’ 4 week averag…

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

Reducing the work week is laudable, but how we go about it is key to achieving the desired effects. Collective bargaining is the ideal instrument to adapt the needs of companies and workers to each business and sectoral reality, in an effective…

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