BBVA Research

Argentina holds world-class mining potential. The development of lithium and copper, combined with the Large Investment Incentive Regime (RIGI), could increase production and multiply exports by five by 2032, consolidating the country's role in the global energy transition.

Financing in Mexico has been characterized by three main trends: i) the increase in resources allocated to companies; ii) the fade out of the accounting effect of the exchange rate on the balances of loan and deposit portfolios; and iii) the strengthening of retirement funds as the main source of domestic savings.

Private consumption is set to grow by 3.3% in 2025, two-tenths higher than in 2024, and by 2.5% in 2026, driven by expected increases in household disposable income and wealth. Durable goods and services will continue to lead the expansion in spending.

This report presents information on the relationship between hunger—understood as the total or partial difficulty in obtaining food due to a lack of money or resources—and the population in (or not) experiencing multidimensional poverty in Mexico.

The GDP growth forecast is revised upwards to 3.0% (+0.5 pp) in 2025 and 2.3% (+0.6 pp) in 2026. The improvement reflects resilience to rising tariffs, reduced tariff policy uncertainty, and a greater impact of NGEU funds.

Since July, a combination of interest rate volatility and the electoral outcome in the Province of Buenos Aires has generated renewed tensions in financial markets. Higher rates, exchange rate pressures and weaker confidence have led to a slowdown in economic activity.