Mexico | Inflation is a problem. Controlling prices is not the solution
Inflation in Mexico during the first half of April reached a level of 7.7% while core inflation also registered a very high 7.2%. Both figures are the highest since January 2001.
The recovery of the Spanish economy continued in the fourth quarter, with quarterly GDP growth of 2%. This was higher than for the Eurozone (0.3%), but lower than the previous quarter (2.6%) and lower than BBVA Research's own forecast (2.4%).
The rise in infections over the past month and increased costs throughout most of the past year herald a weakening of the recovery in Spain at the beginning of 2022.
Leaving aside divergences in the short term, a comprehensive, balanced approach must pay attention to all the underlying information on the ongoing recovery of the Spanish economy that indicators such as GDP and employment can offer us.
Global | Overview of 2021: inflation — the unexpected guest
The global economy beat forecasts in 2021, with a more positive than expected first half to the year — driven by the restart in activity and the rollout of vaccinations. However, the second six months were more moderate, affected by supply chain disruptions and rising inflation.
Studies of changes in consumption patterns. These changes were analyzed from the perspective of trends that were on the way and were deepened by the pandemic, as well as the changes generated by the circumstances of the pandemic itself.
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.
The economy is recovering strongly, as confirmed by both third quarter growth data and our real-time indicators as of the third week of November. The protagonist of this recovery is both private and public consumption.