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January 17, 2022

Peru | Social conflicts had an impact on economic activity in november

Economic activity grew 3.5% year-on-year in November. In an analysis comparing GDP figures for 2021 with those for 2019 (pre-health crisis situation), activity expanded 1.3% (October: 1.2%).

January 17, 2022

Colombia | BBVA Big Data Consumption Tracker. 17 Jan, 2022

Consumption in December grew 20.0%, closing the year with a similar dynamic to that recorded in November but lower than in October (24.8%). In the first part of January, goods have shown good dynamics while services fell compared to the peak recorded in December 21.

January 17, 2022

China | Unsynchronized business cycle calls for unsynchronized policy cycle

2021 Q4 GDP outturn together with December real economic indicators again confirmed the growth slowdown, calling for more easing measures in 2022.

January 17, 2022

Spain | A patchwork recovery

Leaving aside divergences in the short term, a comprehensive, balanced approach must pay attention to all the underlying information on the ongoing recovery of the Spanish economy that indicators such as GDP and employment can offer us.

January 13, 2022

Mexico | Producing all the gasoline that the country consumes is not efficient

Last month the government announced the intention to stop exporting oil as of 2023 to instead use it in the national refining of gasoline with the aim of achieving "energy autonomy" and stop importing gasoline.

January 13, 2022

Argentina | BBVA Research Big Data Consumption Indicator (Jan 13, 2022)

In 2021, total card consumption recovered a similar dynamism to that of 2019. The evolution of the different categories reflects the uneven impact of the pandemic and the changes in habits it brought about. 2022 began with a YoY contraction in total spending due to the slowdown in consumption of services.

January 13, 2022

Turkey | Strong activity indicators in November

Industrial Production (IP) increased by 11.4% yoy in calendar adj. terms (14.7% yoy in raw series) in November higher than the market expectation of 8%. We expect 2022 GDP growth to be realized as 3.5%.

January 12, 2022

Colombia | Unemployment rate fell between October and November, but employment declined

In November, the national unemployment rate in its original series stood at 10.8% and the urban rate at 12.2%, lower than the same month in 2020, but still higher than in 2019. The national unemployment rate, seasonally adjusted, decreased, with respect to October, as did employment and the labor force.