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November 14, 2024
Sales of goods abroad are 2.4% below the levels of two years ago. In that time, exports of services have increased by 24% and GDP has increased by 5.6%. This divergence is not normal.
May 31, 2024
Since the end of 2019 through the first quarter of 2024, the Gross Value Added (GVA) of the services sector has increased by 6.3%, compared to 3.7% for the total economy. In addition, the number of hours worked increased by more than 2%, compared to 0.9% for all sectors.
May 27, 2024
Colombia's economy grapples with recovery challenges. Proposing an infrastructure plan to link regions, cut logistic costs, and drive housing, business hubs, and energy projects. Public-private collaboration is paramount.
May 20, 2024
It is now almost cliché to say that the German crisis is due to the sudden collapse of the network formed by cheap Russian gas, Chinese demand and the defensive umbrella of the United States. The problems facing the German economy are structural rather than conjunctural.
May 15, 2024
The GDP grew by 0.7% YoY in the first quarter. The growth slowed down, with March being the month with the least activity among the three months. Domestic demand was the main source of the low growth. The performance of fixed investment and the manufacturing industry remains concerning.
March 6, 2024
The transition to a low-emission economy not only represents an opportunity for the transformation of the Spanish economy and society, but has become a priority on the national agenda. However, a more effective approach will be necessary to achieve the targets set.
February 15, 2024
The Colombian economy expanded by 0.6% in 2023. The deceleration accentuated in the second half. Domestic demand contracted by 3.8%, weighed down by a decline in investment and the modest increase in private consumption. The external sector propelled the GDP, aided by a reduction in imports and the resilience of exports.
August 16, 2023
In the second quarter of 2023, the colombian GDP grew 0.3% YoY. Domestic demand decelerated sharply, mostly explained by investment, which implied a double-digit drop in total imports. For 2023, BBVA Research maintains the GDP growth forecast at 1.2%.
August 7, 2023
The earth's temperature records of recent years far exceed the historical baseline averages. It is beyond all doubt that the main reason for the upward trend in global temperatures is the highest level of concentration of carbon in the atmosphere caused by economic activity.
July 10, 2023
Spanish exports increased by 12.9% from 4Q19 to 1Q23. By comparison, GDP would have barely returned to its pre-pandemic level during that period, while private consumption and investment were 4.8% and 3.7% below 4Q19 levels.
May 15, 2023
In the first quarter of 2023, GDP grew 3.0% YoY and domestic demand fell 0.1% YoY, due to the deterioration of fixed investment and inventory deaccumulation. External demand contributed positively to growth. BBVA Research has a slight upward bias in its GDP growth projection of 0.7% in 2023.
