COVID-19 crisis

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

In September, total consumption with BBVA cards fell 9.4% YoY in real terms. Most of the categories contracted their average real spending level per transaction, remaining below the pre-pandemic level. Our indicators point to a flattening of economic activity.

In May, total consumption with BBVA cards, in real terms, grew 10.2% YoY. The latest data from our real time indicators show a weakness in the economic recovery process.

Inflation has also hit the remittances-receiving households in Mexico, although they grew 16.5% in US dollars in April, they increased 8.2% in real terms. Something similar happened in March, the flow of remittances in US dollars increased 12.9%, but in real terms they advanced 4.1%.

GDP growth in Spain is revised downwards to 4.1% in 2022 and 3.3% in 2023. The main reasons are the Ukraine's invasion, the sanctions imposed on the Russian economy and the increase in prices, especially energy related, over the last few months.

This paper analyzes how Argentina's productive sectors have been affected by the COVID-19 crisis and how they will evolve towards 2030 in the face of the long-term challenges set at the local and global levels.