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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 and creating a more inviting environment for private investment.
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 pu…
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.
Banca de las Oportunidades recently published its 2023 financial inclusion report. According to the report, in 2023, Colombia reached almost universal financial inclusion. However, its credit inclusion is still low.
The intensity of political events, in a year plagued by key elections in many regions of the world, as well as two ongoing armed conflicts, contrast with the resilience of the global economy.
No major news has come out today as the rate cut was universally expected and the ECB does not want to pre-commit to the path of future cuts. We still expect two further cuts this year, in September and December, if there are no major surprises in the outlook for inflation during the rest of the year.
Since the beginning of 2020, the loss of purchasing power, measured by the increase in the Consumer Price Index (CPI), has been almost 20%.
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.
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…
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 structural rather than conjunctural.
