Mexico | The surplus in the non-oil merchandise trade balance increases February 26, 2026 The balance on non-oil merchandise showed a surplus of USD 10,411 million in 4Q25 after having posted a surplus of USD 2,289 million in the third quarter.
Spain | Quarterly Labor Market Observatory 4Q2025 February 24, 2026 This issue of the OTMT reviews labour market developments using data available through the fourth quarter of 2025. We assess trends in the main aggregate indicators and estimate the scale and characteristics of irregular employment in Spain.
Argentina | Real estate and Construction Outlook 2026 February 18, 2026 Argentina's real estate market recovered in 2025, driven by mortgage credit and wage growth. Construction remained sluggish. The 2026 outlook offers regional opportunities requiring strategic caution.
Mexico | The New Course of Water in Mexico: an Analysis of Water-Related Reforms February 17, 2026 At the end of 2025, the decree enacting the new General Water Law and amending the 1992 National Waters Law was published. These changes stem from campaign commitments made by President Claudia Sheinbaum and from the National Water Plan presented in November 2024. The key points are analyzed below.
Europe | An overview of the EU defense sector February 17, 2026 The effort to increase the military and security capabilities Europe needs will be more sustainable the more it supports economic growth.
Global | Informe Anual de Riesgo País 2026 February 16, 2026 Las medidas geoeconómicas de EEUU como barreras comerciales, sanciones y tarifas, junto con los importantes acontecimientos geopolíticos que se han producido a lo largo del año 2025, han provocado un fuerte aumento de la incertidumbre en materia de política económica y de las medidas de aversión al riesgo a nivel mundial
Global | Chartbook of International Commerce. February 2026 February 16, 2026 Despite rising protectionism, global trade remains resilient, more consistent with a reallocation of trade flows than with a deglobalization scenario. International commerce has been supported by the ongoing AI boom, robust demand, and a weaker US dollar (which generally supports global trade).
Spain | From Drought to Deluge: Spain’s Uneven Hydrological Turnaround February 27, 2026 Spain began 2026 with persistent storms, making it one of the wettest Januaries in decades. Unevenly distributed water gains, both geographically and over time, highlight hydroclimatic volatility as increasingly relevant to Spain’s outlook.
Colombia | Navigating global uncertainty February 27, 2026 The global environment faces geopolitical risks and the onset of the Trump 2.0 administration. Although Latin America is no stranger to uncertainty, it has shown resilience. Colombia is recovering amid global and domestic challenges, with persistent inflation that led the central bank to begin a tightening cycle.
Global | Financial Regulation: Weekly Update. February 27, 2026 February 27, 2026 In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
US | Market-implied Fed rate path remains unchanged despite lower yields February 26, 2026 Treasury yields declined following a softer-than-expected January headline CPI reading, which continued to indicate limited tariff pass-through. However, the inflation report also signaled that disinflation momentum in cyclical components has somewhat slowed.
Mexico | The surplus in the non-oil merchandise trade balance increases February 26, 2026 The balance on non-oil merchandise showed a surplus of USD 10,411 million in 4Q25 after having posted a surplus of USD 2,289 million in the third quarter.
