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Last week's GDP release, showing a 0.7% YoY growth, raised several points for analysis: the dynamics of GDP per capita in pesos, the importance of the housing sector, the boost in services exports, the performance of domestic demand, and future signals.

The monetary poverty rate increased from 27.5% in 2022 to 29.0% in 2023 (BBVA Research estimate published in March of this year: 29.1%), moving further away from the pre-pandemic level (the lowest in 16 years) and returning to a record similar …

Peru's poverty data for 2023 showed a significant setback. This evolution reveals the need to relaunch the policies and reforms that accelerated growth between 2004 and 2019.

At BBVA Research we have identified the agricultural sector, both globally and in Colombia, as one of the sectors with the greatest potential for the coming years. For this reason, we have undertaken a line of study entitled "Sowing the future:…

Conditions are favourable for boosting sector expansion and exports. Despite low domestic growth and weakening employment, lower relative prices will help domestic demand. Externally, a real depreciation higher than that of regional peers will favour exports.

GDP contracted 0.3% YoY in March. This result was influenced by the fact that some activities were affected by two fewer days of productive activity given that Easter was scheduled on March 28 and 29 in 2024, while in 2023 it was celebrated on April 6 and 7. This effect will be reversed next month.

The GDP grew by 0.7% YoY in the first quarter. The growth slowed down, with March being the month with the least activity among the three months. Domestic demand was the main source of the low growth. The performance of fixed investment and the…

FDI in Energy between 2006 to 2023, presented peak levels between 2013 to 2018, with 55.3% of investment in this period which coincide to regulatory changes that allowed private participation. The same has plummeted between 2019 and 2023, being…

The saving rate in Colombia transitioned from satisfactory levels to finance investment and long-term growth at the end of the first decade of this century and the beginning of the second, to a level that is among the lowest in the world and in…

Without major surprise, in May the Central Bank cut once again its policy rate by 25bp, bringing it to 5,75%. We estimate that from now on the monetary normalisation process will unfold more gradually, closely following the behaviour of core inflation and the foreign exchange.

Monthly inflation in April was 0.59% and annual inflation 7.16%, close to market analysts' expectations (0.57%, according to Banco de la República's survey) and in line with our estimate (0.60%).