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December 1, 2021

Peru | Inflation moderates slightly, but prices remain under pressure looking forward

The Consumer Price Index of Lima registered a variation of 0.36% MoM in November (Bloomberg consensus: +0.30%). This is mainly a result of higher fuel prices, water tariffs and prices of food in restaurants.

December 1, 2021

Mexico | Remittances: new all-time high for the fifth time this year, $4,819md in October

Remittances to Mexico have increased 25.6% so far this year. However, this growth is common in the region, the World Bank estimates that remittances to Latin America and the Caribbean will increase 21.6% during 2021.

December 1, 2021

Spain | Galicia Economic Outlook 2021

Galicia's GDP could grow by 5.6% in 2021 and 5.4% in 2022. If the forecasts are met, Galicia will be one of the regions that recovers the pre-crisis level of activity the fastest and some 33,000 new jobs would be created between 2020 and 2022. There is a downward bias on these forecasts.

December 1, 2021

Spain | Digital skills: what are they and who has them?

The percentage of the population that has at least basic digital skills is lower in Spain than in the EMU as a whole and fell between 2015 and 2019. Although it rose in 2020 to 60% (65% of Internet users), it is far of the 80% target established in the 2025 Digital Agenda.

November 30, 2021

Turkey | GDP growth reached 11.7% year-to-date

Turkish economy grew by 7.4% yoy in 3Q21, resulting in a growth rate of 11.7% in the first three quarters of the year. 2021 GDP growth will likely reach 10.5-11%, beating our current 9.5% forecast. Though, recent currency shock and accompanying tighter financial conditions will likely weigh on the downside for 2022 growth.

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