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In the middle of 2022, the Construction sector continues to grow, 0.5% above that presented in the middle of 2021, driven by Civil Works, Building continues to contract. Bank mortgage credit in 2022 with discrete growth, has taken the lead. A high concentration is observed at the state level.

October data points to continued moderation in both headline and core inflation in the United States, while Europe sees no respite. Meanwhile, supply bottlenecks continue to ease, more meaningfully for the US as compared to the Euro Area

We expect the trade balance to show lower deficits or even surpluses in some quarters of next year under a scenario of a significant slowdown of global economic growth. Moreover, nearshoring and relocation of global supply chains will continue …

The European economy is slowly entering a long-overdue recession, expected almost since the war in Ukraine began, which may finally be taking place in the last months of the year. It is expected to be moderate and linked to factors that will ta…

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