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    March 20, 2020

    Mexico | GDP contraction is inevitable; the decisions made will determine severity

    The outbreak of Covid-19 will have a significant negative impact on economies at a global level with generalized shocks on supply and demand, therefore, we revised our GDP growth forecast to -4.5%. Fiscal objectives have to take second place; the most urgent is to underpin health systems and support workers.

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    March 18, 2020

    Slow Regional Convergence Despite Recovery

    Between 2013 and 2018, the disparities in GDP per capita between the Autonomous Communities have barely reduced. This is unusual given that regional convergence in Spain has always appeared to be cyclical in nature.

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    March 12, 2020

    Spain | With data up to February, activity remains stable

    The data observed up to February show that GDP would have grown at a rate close to 0.5% QoQ, consistent with a stabilisation of demand and employment at low levels. However, uncertainty about the magnitude of the negative effects of Covid-19 is increasing, implying a significant downward bias

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    February 28, 2020

    Turkey | The economy grew by 0.9% in 2019

    Turkish Economy grew by 6% yoy in 4Q19, leading the whole year GDP growth to be realized at 0.9%, beating the consensus but parallel to our initial forecast of 0.8%. We remain prudent and maintain our GDP growth forecast at 4% for 2020.

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    February 26, 2020

    Spain | Regional convergence elusive in the recovery

    Regional convergence has been slow during the recovery. Lower income regions are creating employment at high rates but their low productivity growth is a burden. Attracting investment, reducing employment procyclicality and policies aimed at improving demographic dynamics would boost convergence.

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    February 13, 2020

    Colombia 2020-2021: What are the main issues? and what to expect?

    Global growth stabilizes in 2020 at low levels. On the local side, the economy will grow 3.2% in 2020 driven by internal demand, particularly from investment. Inflation returns to a decreasing path and interest rates remain stable in this context in 2020.

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    February 13, 2020

    Spain | Activity could slow down again in 1Q20

    After recovering some traction at the end of 2019, growth could decrease to 0.4% in the first quarter of 2020. Demand composition remains volatile and monthly records continue to show signs of weakness in the labor market

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    February 10, 2020

    The digital transformation of the economy across sectors in the Eurozone

    This study attempts to illustrate the paradigm shift brought about by the digital transformation. It examines factors that could affect the growth of firms in three domains: productivity, employment and geographical dispersion.

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