growth latest publications

March 25, 2022

Spain | GDP growth of 2.2% q/q in Q4 and 5.1% in 2021, in line with forecasts

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

October 29, 2021

Colombia | BanRep raises policy rate by 50 bps in October

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, inflation and current account deficit upwards again.

October 29, 2021

Spain | GDP grew again in the third quarter of the year (2.0% quarter-on-quarter)

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 productivity

September 8, 2021

Mexico | The 2022 economic package reinforces the commitment to fiscal discipline

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.

April 30, 2021

Mexico | GDP grows 1.6% at an annualized rate in 1Q21 driven by trade and services

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.

April 29, 2021

U.S. | Solid growth in 1Q21 underpins strongest expansion in almost 40 years

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.

April 19, 2021

U.S. Economic Outlook. Second quarter 2021

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 limit inflationary pressures.

February 16, 2021

Colombia | GDP of 2020: economic recovery continued at a good pace

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 second half of 2021. GDP growth of 4.8% is expected in 2021.