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    March 18, 2025

    Peru Economic Outlook. March 2025

    The Peruvian economy will grow 3.1% in 2025, 0.4 percentage points more than forecast in December. This change primarily reflects higher expected growth in the US and China and earlier and increased investment flows into some mining and infrastructure projects. Growth is projected to remain at 2.7% for 2026.

    March 13, 2025

    Colombia Economic Outlook. March 2025

    Colombia’s economy will grow 2.5% in 2025 and 2.9% in 2026, driven by consumption and investment. Inflation will continue declining, though housing and energy costs will remain rigid. Monetary policy will gradually lower rates, while the external deficit will widen due to rising imports and lower remittance inflows.

    March 13, 2025

    Spain Economic Outlook. March 2025

    The recovery will continue in 2025 (2.8%) driven by greater competitiveness, lower oil prices, investment in renewable energy, euro depreciation, and lower inflation and interest rates. In 2026, growth will slow (1.8%) due to weaker expansion in Europe and increased uncertainty.

    March 5, 2025

    Türkiye | Quarterly Debt Outlook. First Quarter 2025

    The overall total FX position of the economy deteriorated in 4Q24. Public sector’s short FX position continues to decline whereas private sector’s long position deteriorates due to the real sector.

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    Our most recent publications

    April 1, 2025

    Mexico | Mexican Economy: Challenges and Opportunities from the 2024 Economic Census

    The Mexican economy faces significant structural challenges. The 2024 Economic Census provides key data on business growth, employment, productivity, and issues related to informality and widespread use of cash, which are essential for shaping economic development policies.

    March 31, 2025

    Colombia | Banco de la República maintained its policy rate stable at 9.5%

    The Board of the Banco de la República kept the policy rate unchanged at 9.5% in a split decision (4 to 3). The decision was based on inflationary and fiscal risks, as well as external uncertainty.

    March 31, 2025

    Mexico | Manufacturing shows signs of improvement in February; tariff risks remain

    The BBVA Research Multidimensional Manufacturing Indicator fell (-)0.4% YoY in February, the smallest contraction since March 2024

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