Publications and economic news

Global public finances face rising debt and higher costs. Unlike France (122% of GDP), Peru maintains a solid position with debt below 30% of GDP and 3.5% growth, allowing it to address contingencies while maintaining sustainability.

Employment increased by 0.3% quarterly SA (2.1% year-on-year) in the third quarter, two tenths less than in the second. Hours worked and the labor force also grew, while the unemployment (10.2% SA) and temporary employment (14.9% SA) rates barely changed for the second consecutive quarter.

The BBVA Research Multidimensional Manufacturing Indicator (IMM BBVA Research) grew 3.3% YoY in September, bringing average annual growth year-to-date to 3.0%.

Global trade is reconfiguring, expanding faster than GDP despite protectionism. The artificial intelligence (AI) boom is the main driver, with 30% annual growth in related goods, which now account for almost 20% of total trade.

The IMF and World Bank meetings showed consensus on the resilience of the global economy, driven by AI investment. However, there are concerns about the sustainability of growth. At the same time crucial, debates on the imbalances of the US and China were omitted.

Industrial overcapacity and the rise in trade remedy investigations underscore the importance of strong institutions. In the context of the USMCA review, these capabilities are essential to Mexico’s competitiveness and its credibility as a trading partner.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.