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    April 7, 2022

    Spain Economic Outlook. Second Quarter 2022

    GDP growth in Spain is revised downwards to 4.1% in 2022 and 3.3% in 2023. The main reasons are the Ukraine's invasion, the sanctions imposed on the Russian economy and the increase in prices, especially energy related, over the last few months.

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    March 22, 2022

    Mexico | Gasoline impact on excise taxes on fuels and consumer prices

    The significant increase in the international price of gasoline due to the war between Russia and Ukraine will have an adverse impact on the revenue derived from excise taxes on gasoline and diesel.

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    March 3, 2022

    Turkey | CPI above 54% and still climbing

    Consumer prices increased by 4.8% in February and resulted in an annual inflation of 54.4%, (prev: 48.7%). Given the deepening cost push factors, uncertainty on commodity prices and inertia, CPI would surpass 60% in 2Q and 3Q, before falling down to a level at least above 40% on positive base effects in December.

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    February 3, 2022

    Turkey | Annual CPI climbed up to 48.7% in January

    Consumer prices increased by 11.1% in January parallel to expectations and resulted in an annual inflation of 48.7% up from 36.1% the month before. We expect consumer inflation to remain around 55% in 2Q and 3Q before falling down to 35% at the end of the year, helped by the favorable base impact in December.

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    January 20, 2022

    Spain Economic Outlook. First Quarter 2022

    Growth in Spain will remain high in the 2022-2023 biennium. Pandemic control, the use of pent-up savings, accelerating NGEU funds, ECB measures and high spare capacity would offset the effects of bottlenecks and higher energy prices.

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