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The production of liquid hydrocarbons of Pemex Exploration and Production (PEP) in the first quarter of 2024 vs. the previous quarter showed a decrement of 36 thousand barrels a day mainly due to a lower production of superlight crude oil plus condensates by 29 thousand barrels a day.

This Observatory evaluates the factors that explain the cyclical behavior of GDP in Spain, full-time equivalent employment and productivity up to 4Q2023.

A third-in-a-row 0.4% MoM core CPI inflation reading for March following strong jobs reports added to a series of hot data that suggest a rate cut soon is off the table amid increased odds for less than three rate cuts this year.

In commemoration of International Earth Day, we present an analysis of the current water situation in Mexico. This analysis highlights the geographical, sectoral, structural, and temporary characteristics that have given rise to the current wat…

The BBVA Multidimensional Manufacturing Indicator fell (-)1.2% YoY in March (the third consecutive drop so far this year), confirming the prolonged slowdown of the sector, given the gradual slowdown in external demand for durable goods.

Asian currencies accelerated their depreciating trend recently. This report aims to understand this phenomenon and assess the associated risks.

Presentation held at the seminar at Bilkent University about the use of Big Data and Artificial Intelligence for economic analysis.

Bank performance in 2023 was affected by a lackluster macro environment, primarily due to the downturn in the property market. Bank's housing sector exposure declining, but risks from local government financial vehicles remain concerning.

By the end of 2023, the Mexican economy grew at an annual rate of 3.2%, with an extraordinary growth of 15.6% in construction and differentiated effects at the regional level. The dynamism of services underpins growth in 2023; Wholesale and Ret…

After the local election results, we expect the maintenance of current economic policies with more aggressive tightening in the short term. Therefore, expected additional restrictive measures might generate downside risk on our short term infla…

At the end of 2023 we find opposite results in the Real Estate market. Construction presents historical results, growth rates well above the average in different indicators. The housing market is contracting with figures as of November 2023. In both cases, we estimate that in 2024 both sectors will reverse the trends

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Our most recent publications

The production of liquid hydrocarbons of Pemex Exploration and Production (PEP) in the first quarter of 2024 vs. the previous quarter showed a decrement of 36 thousand barrels a day mainly due to a lower production of superlight crude oil plus condensates by 29 thousand barrels a day.

US and UK urge Hamas to accept Israel's truce for a 40-day Gaza ceasefire and prisoner exchange. Zelensky seeks more Western arms for Ukraine's counteroffensive. Spanish Prime Minister Sanchez remains in office amid political and economic uncertainties.

This Working Paper contributes to the existing literature by examining the welfare implications of degrowth. We use an environmental Dynamic General Equilibrium (eDGE) model, calibrated to replicate the most relevant macroeconomic and environme…

Financial markets’ expectations on the future path of monetary policy have shifted significantly. While it will evidently take longer than expected to gain confidence on the path to 2%, the Fed is unlikely to rule out rate cuts this year.

The 2021-2023 pension reform has resulted in a system that will be more generous, but less contributory and self-sufficient, as social security contributions are not able to finance the higher expenditure on pensions.

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