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The trade balance reversed its behavior of the end of last year and posted a deficit in the first quarter of 2024. Given the stylized fact that the trade balance shows a countercyclical behavior, this deficit reflects that the Mexican economy reassumed its growth path at the beginning of the year.

Colombia's economy grapples with recovery challenges. Proposing an infrastructure plan to link regions, cut logistic costs, and drive housing, business hubs, and energy projects. Public-private collaboration is paramount.

Evidence shows that permanent improvements in productivity lead to a gradual reduction in hours worked per employee. In contrast, reversing this order of causality hinders employment growth.

Spain must continue to offer an attractive society to ensure migratory flows that will transform the demographic structure. Immigration, like productivity growth, helps to spread the increase in pension spending due to the retirement of baby bo…

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…

The CBRT maintained the policy rate (50%) and the range between borrowing and lending rates (600 bps). They remain cautious about the risks on inflation outlook. On financial stability concerns, they aim to sterilize excess TL liquidity stemming from the most recent domestic and foreign demand for TL financial assets.

The BBVA Multidimensional Manufacturing Indicator (MMI) fell (-)2.9% YoY in April, pointing to an extended slowdown in the sector amid the deceleration of external demand

If there is one thing we have learned over the past two centuries of ups and downs, it is that the key to overcoming turbulent times is strong and shared economic growth.

It is now almost cliché to say that the German crisis is due to the sudden collapse of the network formed by cheap Russian gas, Chinese demand and the defensive umbrella of the United States. The problems facing the German economy are structura…

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: Colombia's agricultural sector", which will cover 5 strategic sub-sectors.

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.