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    BBVA Research Publications

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    March 15, 2025

    Spain | The Power Grid, the Overlooked Cornerstone of the Energy Transition

    Spain's electricity faces significant challenges. While recent efforts have focused on expanding wind and solar capacity, effective grid integration is equally crucial for a successful energy transition.

    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 4, 2025

    Mexico | Pemex’s new fields are producing fewer liquid hydrocarbons

    The production of new fields averaged around 521 thousand barrels a day of liquid hydrocarbons in the fourth quarter of 2024 vs. 549 thousand in the previous quarter.

    February 24, 2025

    Europe | Gas still keeps EU on edge

    Recent fluctuations in gas prices have had a considerable impact on both activity and inflation. Going forward, we see supply factors that can moderate these tensions.

    February 14, 2025

    Mexico | US imposes tariffs on steel, aluminum, and derivatives

    On February 10, President Trump signed an executive order imposing a 25% tax on all steel and aluminum imports regardless of their country of origin, which will take effect on March 12.

    December 30, 2024

    Global | 2025, a year of restructuring for the oil market

    The average price for 2024 has been very close to $80 per barrel of Brent, although with a downward trend throughout the year, largely due to more subdued economic activity in China and the gradual increase in supply from the main producers in the Americas.

    December 5, 2024

    Colombia Economic Outlook. December 2024

    GDP will grow 2.5% in 2025 and 3.2% in 2026, driven by private consumption in durable goods, semi-durables, and services starting in 2026, and by fixed investment in infrastructure, machinery, and housing. Inflation will be 3.1% in 2026, with lower interest rates strengthening financial conditions.