Economic growth

Economic growth latest publications

January 5, 2022

Mexico | Consumption grows 1.4% in December with a boost from the services sector

The year-end data confirms the slowdown in consumption in 2H21, a period that registered a 4.9% variation, compared to the previous semester, a figure that contrasts with the 10.6% figure observed in 1H21.

January 4, 2022

Colombia | Decentralization of household spending

Colombia is deepening its spending decentralization process, not only through the incursion of other large cities other than the capital, but also, and this is what is new, towards intermediate cities and regions other than large population conglomerations.

December 27, 2021

Global | 2021 - a disappointing end after a promising start

The markets have performed well in 2021, even taking into account the recent corrections. A successful vaccination rollout supported the reopening of the economy which, along with the various fiscal stimulus packages, helped drive the recovery in domestic demand and increased investor appetite.

December 14, 2021

Colombia | BBVA GDP Tracker - 14 dec 2021

We estimate 7.9% to 9.6% annual GDP growth in the fourth quarter. Economic recovery continues in the fourth quarter, but a more demanding base in 2020 leads to a gradual reduction in annual growth.

December 13, 2021

Turkey | Still robust activity in 4Q

Industrial Production (IP) increased by 8.5% yoy in calendar adjusted term(5.4% yoy in raw series), in line with the market expectation in October. 2021 GDP growth will likely reach 10.5-11%, beating our current 9.5% GDP growth forecast.

December 3, 2021

Global | An update on the global outlook with a focus on inflation

Price pressures continue to build up; inflation is at high levels mainly in the US, but also in the Eurozone, while in China it remains still relatively low. The recovery will continue, but will lose momentum on the ongoing supply shocks and impact on inflation, which will lead CBs to act earlier, especially in the US.

November 19, 2021

The United States is going to strengthen its infrastructure; Mexico should follow suit

Last Tuesday, Joe Biden, president of the United States, signed a plan that will allocate 1.2 trillion dollars to the infrastructure of his country.

November 17, 2021

China | Lehman Moment or Volcker Moment?

Economic slowdown will continue as the authorities are willing to sacrifice short-term growth figures to trade for long-term social equality and carbon neutrality, but it will not turn into either Lehman or Volcker Moment.