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 28, 2025
Europe | Clean Industrial Deal: Boosting Europe’s Decarbonization and Competitiveness
With the Clean Industrial Deal, Europe may reach a turning point driving both decarbonization and industrial competitiveness. The effective success of this initiative will depend on its deployment, avoiding coordination issues from fragmented governance, and aligning incentives to encourage essential private financing.
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February 28, 2025
Spain | Quarterly Labor Market Observatory 4Q2024
In this edition of the QLMO, we analyze labor market trends using data available up to 4Q 2024. We assess the evolution of key indicators, examine recent labor market flows, and focus on green skills as well as gender differences in employment and pensions.
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February 25, 2025
Argentina | Automotive Outlook 2025
The automotive industry has shown signs of recovery following the recent recession, with announcements of tax and tariff reductions favoring consumers and projecting an increase in vehicle sales in 2025, driven by enhanced income and improved credit access.
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February 22, 2025
Global | Real-Time CO₂ Tracking: Balancing Higher Frequency with Greater Reliability
Carbon Monitor, a high-frequency CO₂ tracker, enhances real-time sectoral and regional monitoring while aligning with IPCC guidelines. However, daily estimates face accuracy challenges, limiting their utility.
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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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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.
March 4, 2025
Global | EUR/USD Equilibrium Exchange Rate: A Long-Term Perspective
We estimate the EUR/USD equilibrium exchange rate using a holistic approach that distinguishes between the strengths of the euro and the dollar. Our analysis shows that the current misalignment is due to an overvalued dollar, while the euro remains close to equilibrium, with its role as a reserve currency slightly reduced.
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March 4, 2025
Spain | February's labor market records were notable
Social Security affiliation increased by 100,300 people and unemployment fell by 6,000. After seasonal adjustment, it is estimated that the number of contributors grew by 59,000 and the number of unemployed fell by 23,000. The percentage of affiliates with temporary contracts fell.
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March 3, 2025
Colombia | January, another good month for the labor market
The national unemployment rate in January 2025 was 11.6%, while the seasonally adjusted rate was 9.4%, staying below 10% for the third straight month. The strong performance of the unemployment rate is due to positive labor market dynamics, with employment accelerating its growth since late 2024.
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March 3, 2025
Peru | Inflation decreases in February, despite the impact of weather factors
The consumer price index increased 0.19% m/m in February affected by adverse weather conditions (they negatively impacted the normal supply of some foods) and the greater demand for transportation due to carnivals. On the contrary, the decrease in electricity rates attenuated the advance of the CPI.
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