Exports latest publications

April 15, 2019

Argentina Economic Outlook. Second quarter 2019

We revised slightly to the downside the growth of 2019 to -1.2% due to the prolongation of the monetary astringency, maintaining the vision of a positive quarterly growth since 1Q19. Inflation will fall more gradually than expected, reaching 35% YoY due to the volatility of the exchange rate and the higher indexation of the…

March 6, 2019

Balearic Islands Economic Outlook 2019

The economy of the Balearic Islands would have grown by 2.4% in 2018, is expected to advance by 2.2% in 2019 and moderate to 1.7% in 2020, linking seven consecutive years of economic recovery, with an average growth of 2.8% annually. This will add around 33,000 new jobs between the end of 2018 and 2020 and the unemployment …

February 1, 2019

Argentina Economic Outlook. First quarter 2019

The currency crisis of 2018 derailed both the gradual fiscal approach and the inflation targets, and drastically changed the 2019 outlook. The key questions are whether there be a turnaround in activity and inflation, and who the next President will be.

January 21, 2019

Portugal | Economic growth moderates in 2S18

BBVA Research estimates that growth in the Portuguese economy in 4Q18 was around 0.4% QoQ SWDA. Domestic demand will have continued to be the main support of activity, while the external sector’s contribution to growth will have remained negative. This would be consistent with BBVA Research’s forecast for Portugal’s GDP gro…

December 27, 2018

Argentina | 2018 Automotive Situation

After record sales in the first half of the year, the Argentine automotive market sank sharply as a result of the 2018 currency crisis. However, the fall in internal demand is in contrast with the increase in exports. The 2019 forecast for the sector is not encouraging in the internal market.

December 13, 2018

The Tourism Sector in Colombia

This observatory is examining the recent evolution of tourism, showing the sector’s importance for the economy and the variables explaining its recent boom. BBVA Research expects that the number of foreign tourists will double in the short term and that the tourism industry will replace coal as the second most important exp…

November 14, 2018

Madrid Economic Outlook. Second half 2018

The economy of the Community of Madrid grew 3.4% in 2017 and will moderate its rate of growth up to 3.2% in 2018 and 2.6% in 2019. Unemployment will be reduced to 11.4% in 2019, but some risks are more likely now than a few months ago. Once the GDP per capita has returned to its pre-crisis level, the challenge is to reach 2…

November 13, 2018

A note of optimism for economic prospects

Policy recipe offered by Xi at import expo will help to solve trade disputes and rebalance China's economy. The China International Import Expo started in Shanghai on Nov 5, and the inaugural event, announced more than a year ago, stands in stark contrast to the escalated trade tension between China and the United States.