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Colombia's GDP will grow 9.2% in 2021, led by domestic demand, and 4.0% in 2022, with improved export performance. In the remainder of 2021 and in 2022, external and local pressures on inflation will remain. Banco de la República started its rate hike cycle.
Growth has slowed down in Q3 amid a number of headwinds, including regulatory storms, default risk of real estate giant, the electricity crunch and the authorities’ new campaign of “common prosperity” and social equality.
Spain's growth expectations for 2021 and 2022 are moderated to 5.2% and 5.5%, respectively. These figures are weighed down by a number of negative factors such as disruptions in production chains, rising energy prices and delays in the implementation of NGEU funds.
Despite its importance as a key category of public spending and the principle of separation of financing sources, it is very difficult to get an idea of the financial position of the pensions system through the central government budget. In this article we analyze the main budget lines planned for 2022.
The Q3 GDP outturn together with September real economic indicators further confirmed a continuing moderated year on year growth momentum. The authorities are aware of the growth deceleration and will strike a balance between stimulating growth and pressing ahead structural reforms going forward.