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    April 25, 2025

    Colombia | Timeliness and clarity of tax messages

    Colombia aims to cut its fiscal deficit to 5.1% of GDP in 2025, but success depends on swift institutional reforms, clear spending plans, and transparent financing. In a volatile global context, timely and credible messages are key to maintaining investor confidence.

    April 8, 2025

    Colombia | Inflation Ends 4-Month Stable Streak, Settles at 5.1% in March.

    In March 2025 Colombia's total inflation decreased to an annual rate of 5.1% breaking a four-month period of stability or slight increase. This moderation was primarily driven by a decline in non-food inflation, particularly due to the regulated basket. March monthly inflation was 0.52% falling below analysts' expectations.

    April 2, 2025

    Mexico | Fiscal consolidation underway despite optimistic growth assumptions

    The 2026 General Economic Policy Pre-Criteria confirm the intention of the federal government to regain fiscal discipline by setting a target of 0.6% of GDP for the primary surplus and look to achieve stability around 52.3% of GDP for public debt in 2025 and 2026, sending a positive signal.

    March 31, 2025

    Spain | The most important statistic almost no one has heard of

    The imbalance between the value of our assets abroad and of Spanish assets held by foreigners has narrowed from almost 100% of GDP 10 years ago, to just 44% of GDP at the end of 2024.

    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.

    February 5, 2025

    Mexico | Public debt increases by almost 5 percentage points of GDP in 2024

    The Historical Balance of Public Sector Borrowing Requirements (HBPSBR) was 51.4% of GDP at the end of 2024. We expect this indicator of public debt-to-GDP ratio to be 53.1% at year-end.

    January 9, 2025

    Spain | Long series of regional economic and demographic aggregates: 2023 Update

    This Working Paper provides a brief description of the latest update of RegData, a database containing the main economic and demographic aggregates for Spanish regions over the last seven decades.

    December 18, 2024

    Global | Country Risk Annual Report 2025

    Overall, the past year has been positive in terms of the evolution of macroeconomic, fiscal and financial vulnerabilities in most countries globally.