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Inflation has returned and has done so at rates not seen for decades in most developed economies. Spain has not remained unaffected by this episode of global inflation.

Comentarios a la conferencia de T. Kehoe, "Latinoamérica: Riesgos y desafíos en un contexto desafiante", presentada en la convención 56º Convención Bancaria, "Construyendo oportunidades para todos", organizado por Asobancaria en Cartagena de Indias, Colombia.

The economy slowed in 4Q21 (2.2% q/q), but the composition of demand was virtuous. Specifically, growth was supported, above all, by investment and exports. Thus, 2021 closed with an annual increase of 5.1%, confirming BBVA Research forecasts

Banco de la República increased the policy rate by 50 basis points, bringing it to 2.5%. The vote was split, with 5 members in favor of a 50bp increase and 2 in favor of 25bp. On the other hand, the Staff revised its forecasts for activity, in…

The economy showed less dynamism than expected. Private consumption and housing drained growth, while productive investment and external demand added. Hours worked barely grew, so most of the improvement in activity is attributable to productiv…

The 2022 economic package reinforces the commitment to fiscal discipline. The forecast of higher tax revenue is supported by improved intake practices and streamlining actions with more fiscal oversight for the compliance of tax payments. The federal law of income does not contemplate creating or raising taxes.

Economic activity with a favorable evolution in 1Q21 (0.4% QoQ) with mixed performance among its components. The tertiary sector grows 0.7% QoQ in the first quarter of the year driven by the higher mobility registered in recent months.

Strong real GDP growth in 1Q21 on the back of massive fiscal support, accommodative monetary policy, a successful vaccination campaign and the reopening of the economy.

The economy could experience a period of bonanza not seen in decades. Strong recovery boosted by successful vaccination campaign, reopening of services, low interest rates, and massive fiscal stimulus. Flat Phillips curve and elevated slack lim…

GDP declined 6.8% in 2020. In the major demand groups, only government consumption grew and, in the productive branches, four out of twelve expanded. The economy had a sustained recovery since the third quarter that will be consolidated in the …

Economic activity showed a favorable evolution in 4Q20, with positive performances in all its components, except for the primary sector. Vaccines essential factor for recovery in 2021.

Economic activity continued to expand in the fourth quarter of 2020, albeit at a much slower pace. This reflected both solid ongoing momentum and the negative consequences of lower fiscal support and rising Covid-19 cases.