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Colombia's economy shows signs of recovery in the third quarter of 2024, with progress in key sectors like housing, exports, and manufacturing. Although challenges remain in industry and investment, the country continues on a path of gradual recovery.
The Colombian economy shows a gradual recovery in a scenario of lower rates. Going forward, the economy will gain traction with the dynamization of domestic demand. However, it will face challenges due to still high inflation and interest rates.
In Q2 2024, fixed investment in Colombia grew by 4.3% year-on-year, breaking a streak of five consecutive quarters of contraction and indicating that it is gradually beginning to recover its role as a key driver in the economy.
DiGiX aims to capture the global evolution of digitization by monitoring this pheonomenon across 98 countries. Our index combines 24 variables grouped in six dimensions that represent three pillars: supply (infrastructure and costs), demand (us…
Since the beginning of the war in Ukraine, Spain has grown more than the EU, but the data offers an alternate view when, instead of comparing the aggregate performance of activity and employment, we focus on per capita growth.
Colombia has great tourism potential. The arrival of tourists from abroad is growing dynamically at the same time that Colombians have increased their domestic travels. The growth of tourism is very beneficial, which makes it necessary to continue building a medium-term strategy for sustainable tourism.
Colombia's GDP grew 2.1% year-on-year in Q2 2024, exceeding the 0.8% growth in Q1. Domestic demand and investment showed signs of recovery, with household consumption up 1.5% and investment up 4.3%. A 1.8% growth is expected for 2024.
Present fears of a delayed economic recovery persist. Although the second quarter 2024 results are expected to be better, quick decisions are needed to generate more growth in the short and medium term and take advantage of the regional and loc…
Despite the slowdown, permanent formal employment has shown constant gains. In June, formal employment had a year-on-year growth of 2.0%, 0.1 percentage points below our forecast, confirming the expected deceleration trend.
The EU's aspirations for sustainability, competitiveness, and resilience hinge on its ability to close the innovation gap with the US in disruptive technologies. This requires a dual approach: significantly increasing targeted public funding an…
This presentation, delivered on the 10th anniversary of the BBVA Pension Institute in Portugal, analyzes the economic forecasts for Portugal and Spain, and the challenge of long-term aging of their population, as one of the challenges facing public systems pensions in Europe.
China’s 2024 May economic activity indicators continue to display an unbalanced economic structure with strong supply and weak demand, although retail sales mildly picked up.
