Publications

During the first eight months of 2025, remittances accumulated a flow of 40,467 million dollars, while in the same months of 2024 they had already reached 43,001 million dollars, representing a decrease of 5.9%.

This document analyzes labor and wage inequalities between men and women in Mexico, with an initial contextualization and an international comparison with the OECD. Using ENOE data, it examines the persistence of existing gaps, while reviewing international recommendations and progress made in the financial sector.

In July, credit growth to the Non-financial Private Sector increased (6.4% in real terms annually) supported by credit to companies in the construction sector and through credit cards. Traditional deposits growth accelerated too (5.1% in real terms annually), underpinned by greater dynamism in demand deposits.

Domestic demand continues to slow; private consumption fell (-)0.1% as of June (YoY, cum.), while investment contracted (-)6.4%. We revise our 2025 growth forecast upward to 0.7%, supported by the favorable performance of the economy in 1H25, although expectations point to a slowdown in the second half of the year.

United States tariff policies in 2025 have reignited protectionist measures, while inconsistent trade stances from the Trump administration have added uncertainty.

Uncertainty over US trade policy and implementation of the judicial reform are two factors that are holding back investment and economic growth. Nevertheless, the problem of low economic growth is not new.

The BBVA Research Big Data Consumption Indicator reported a 2.5% MoM increase in August, temporarily driven by the back-to-school season (goods consumption grew 4.4%, and spending on services rose 1.6%).

The 2026 General Economic Policy Criteria confirm the intention of the federal government to regain fiscal discipline by setting a target of 0.5% of GDP for the primary surplus and look to achieve stability around 52.3% of GDP for public debt, sending a positive signal.