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January 13, 2025

Spain | Public pensions in early 2025

Despite the high GDP growth rate of the Spanish economy (3.1% forecast for 2024) and a buoyant employment outlook (2.4% year-on-year growth in Social Security affiliation in December), the pension system has not yet managed to reduce its high structural deficit.

January 10, 2025

Colombia | Savings: The cornerstone of economic progress

Colombia’s domestic savings reached 15.4% of GDP in Q3 2024, driven by the private sector. Yet, the annual average of 11.3% reveals structural challenges. Addressing fiscal imbalances is vital to establishing savings as the foundation for sustainable growth.

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