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    May 19, 2025

    Spain | Cyclical Behavior of GDP up to 1Q25 and Tariff Uncertainty

    The observatory analyzes the cyclical behavior of GDP and exports in Spain up to the first quarter of 2025, highlighting a negative gap in GDP per working age population (WAP) compared to its trend level (-0.9 pp), although its growth slightly exceeds the historical trend.

    May 15, 2025

    Colombia | The Colombian economy grew 2.7% in the first quarter of 2025

    Colombia’s economy grew 2.7% y/y in Q1 2025, led by household consumption. Investment weakened and sectors showed mixed results. Growth is projected at around 2.5% in 2025, with resilient domestic demand but ongoing challenges in investment and the external environment.

    May 15, 2025

    Peru | March data confirms that GDP grew by nearly 4% in the first quarter

    In March 2025, GDP grew by 4.7% year-on-year. The primary component expanded by 4.9%, driven by the fishing and construction sectors. The non-primary component rose by 4.3%, supported by non-primary manufacturing, construction, and some service segments.

    May 14, 2025

    Argentina | Inflation in April was 2.8% m/m, lower than expected

    April national inflation was 2.8% m/m (47.3% y/y), placing it below expectations (REM-BCRA: 3.2% m/m, BBVA Research: 3.4%) as a result of a more virtuous exchange rate dynamics -post easing of restrictions- than initially expected.

    May 14, 2025

    Colombia | Sowing the Future: Agricultural Sector – Pork Industry Report

    The pig farming sector in Colombia has grown 171% over the last two decades, with improvements in productivity, technification, and health standards. The increasing trend in domestic pork demand represents an opportunity for sector development.

    May 13, 2025

    Mexico | Private Spending Slows in April Due to Uncertainty

    The BBVA Research Big Data Consumption Indicator reported a (-)0.7% MoM drop in April, due to a contraction in the goods segment (-1.3%)

    May 12, 2025

    Mexico | Limited formal employment growth in April amid a challenging economic environment

    The slowdown in formal employment in Mexico deepened in April, driven primarily by declining investment and growing business distrust. The contraction in key economic sectors and economic uncertainty point to weak job creation throughout the year.

    May 12, 2025

    Spain | Faced with Trump's tariffs: uneven growth in an uncertain environment

    Spain has led EU growth since the start of the war in Ukraine. However, weak growth in Europe, persistent geopolitical tensions, and erratic U.S. trade policy overshadow the outlook.

    May 9, 2025

    Colombia | Non-Wage Employment, Major Driver of National Employment

    National employment grows, mainly driven by non-wage employment (+8% annually in March). Of 1.1M jobs created, most are independent and informal, raising the informality rate to 57.2%. The challenge is to formalize this employment to improve conditions and reduce poverty.