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In 2024, prospects will improve, with service exporting communities benefiting most, while stagnant exports limit the progress of many industrial regions. In 2025, growth moderates and shifts to areas with less tourism weight.

Deforestation in Colombia is unsustainable environmentally, economically, and socially. Reversing it requires strengthening land ownership and usage systems, promoting sustainable development, and assigning value to natural assets. Coordination between public policies and the private sector is essential.

The accumulated Construction GDP grows 10.1% in the second quarter of 2024, with increases in all subsectors. In a change of trend, the mortgage market is now increasing 2.2% in real amount and is set to continue advancing

GDP growth forecasts have been revised upwards by 0.4 percentage points for 2024 to reach 2.9%, and by 0.3 pp for 2025 to reach 2.4%. This is due to statistical revisions of historical data, recent developments more favorable than expected, and…

Despite uncertainty and high interest rates, investment remains strong in countries like the U.S. and France, especially in intellectual property and ICT, but not in Spain, Canada, and most emerging markets. GDP growth remains key, but digitali…

Restrictive monetary policy and tight financial conditions lead output gap to turn into negative in 3Q24. Fiscal consolidation is projected for 2025, which could provide room for a gradual monetary easing. Overall, the policy mix will become more restrictive, potentially curbing GDP growth to below 3% in 2025.

Growth and inflation moderate; we estimate that a continuous cycle of rate cuts has begun. We revised downward the economic growth forecast for 2024 and 2025 given the weakening of domestic demand.

GDP will grow 2.9% this year and 2.7% in 2025. Private spending will gain traction in the coming quarters, supported by more favourable financial conditions, the impact of private pension funds withdrawals, and the beginning of construction of …

The Chinese economy is experiencing structural rebalancing amid deep real estate adjustment. Due to the large-scale stimulus package, we believe the economy will bottom out in the near future.

The government maintains a firm commitment to fiscal balance while upholding a "zero monetary issuance" policy for all items arising from the public sector. The slowdown in inflation has stalled since May, remaining around 4% monthly, and econo…

Domestic demand will lead Colombia’s economic recovery, driven by improved financial conditions that will strengthen consumption and investment. This will provide a significant boost to sectors such as manufacturing and retail. In the long run, increasing investment will be essential to raise the country’s growth potential.

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Our most recent publications

In 2024, prospects will improve, with service exporting communities benefiting most, while stagnant exports limit the progress of many industrial regions. In 2025, growth moderates and shifts to areas with less tourism weight.

The BBVA Research Multidimensional Manufacturing Indicator fell (-)2.2% YoY in September, the ninth consecutive decline so far this year, but less than the contraction registered in August

In recent years, the main economies of Latin America have successfully achieved a rapid and marked adjustment in their monetary policy in an attempt to curb rising inflation. Today, most of them have inflation at around their average for the la…

As part of the long tradition of calling economics the “dismal” science, I would like to review some of the risk scenarios facing the Spanish economy, now that BBVA Research has raised its GDP growth forecasts for 2024 and 2025 to 2.9% and 2.4%…

Spain faces a fiscal adjustment of around 2.5 percentage points of GDP over the next few years. Its debt and public deficit levels make it vulnerable and must be improved through a more efficient set of public policies.

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