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September 21, 2021

Colombia | Central Bank dilemmas

Members of the Board of Directors of Banco de la República give an idea of what is to come in terms of monetary policy for the remainder of 2021 and 2022. The Central Bank will decide whether to start its upward cycle at the next meeting at the end of September.

September 15, 2021

China | Worse-than-expected growth exposed the vulnerability of anti-virus strategy

The August real economic indicators further confirmed a continuing deceleration growth amid the recent regulation storms as well as the Delta variant virus flare-ups in mainland China as industrial production, retail sales and fixed asset investment all tumbled.

September 6, 2021

Global | Post-vacation outlook

Looking at what lays ahead for us in the last few months of the year in the global economy, unfortunately the situation has not yet normalized.

August 17, 2021

Colombia | Recovery continued, albeit limited by logistical problems in the 2Q21

In the second quarter, GDP grew by 17.6% year-on-year. The low statistical base boosted the result, while resilience was maintained despite logistical problems stemming from the protests. GDP fell 2.4% quarter-on-quarter, with negative results in April and May and a rebound in June.

July 30, 2021

Spain | GDP returned to growth in the second quarter of the year (2.8% quarter-on-quarter)

As expected, the economy resumed a strong recovery following the easing of the mobility restrictions linked to the state of emergency. Domestic demand added, thanks to consumption, while total investment and external demand subtracted. Hours worked grew more than activity

July 16, 2021

China | Q2 GDP moderated with a more balanced structure

The Q2 GDP figures together with June real economic indicators confirmed a continuing moderated year on year growth momentum. We anticipate that the growth rate will slowly fall from the previous high level to its long-term potential growth trend in 2H 2021.

July 14, 2021

Spain Economic Outlook. Third Quarter 2021

Spain’s GDP growth estimate for 2021 is revised upwards up to 6.5%. Moving forward, the stronger progress of global activity, accumulated excess savings, the end of health restrictions and accommodative monetary and fiscal policies will boost GDP up to 7.0% in 2022.

June 11, 2021

Turkey | Still not a clear deceleration in activity

Industrial Production grew by 66% YoY in cal. adj. terms in April, boosted by base effects. Despite the 0.9% MoM contraction, the slow down isn't clear, given strong momentum so far and upward revisions in global growth reinforce upside risks for our prudent 2021 GDP growth forecast of 5%.