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July 20, 2022

Spain | The effects of a new tax on banks

A specific tax on banks leads to an equilibrium with less credit and a higher cost, lower growth in activity and employment, and lower revenues than initially expected.

July 19, 2022

Spain | Madrid Economic Outlook. First half 2022

Madrid's GDP grew by 5,0% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Madrid GDP is expected to increase by 4,3% in 2022 and 2,6 in 2023%. By the end of 2023, GDP could recover the level of 2019.

July 6, 2022

Spain | Investment on the rise amid the chaos

The Spanish economy has been in turmoil for a couple of years now. Despite this, investment has already recovered to the levels of the 4Q2019 and even the purchase of machinery and equipment is 17% more than that observed more than two years ago.

June 8, 2022

Spain | Recovery, Transformation and Resilience Plan: situation and outlook

Despite the expectations created at the end of 2020, the Plan's impact on the National Accounts was slow in 2021 — though this is expected to accelerate in 2022 and 2023. The challenge now is to invest wisely in projects which will drive and transform the economy.

May 17, 2022

Spain | Brakes on housing investment

Home sales have been rallying since the second half of 2020, yet supply is barely growing. If the factors behind the sector’s sluggish recovery are not promptly addressed, the resulting pressure will push prices even higher.

May 17, 2022

Colombia | Strong dynamics of Colombia's economic activity at the beginning of 2022

In the first quarter, GDP grew 8.5% year-over-year and 1% quarter-over-quarter. Consumption remained a good dynamic driven by spending on durable and semi-durable goods and the services sector. Investment, which performed well, was driven by the purchase of machinery and the advance of intellectual property.

May 4, 2022

Spain| Castile and Leon Economic Outlook 2022

GDP growth in Castile and Leon could slow to 2.9% in 2022 and 2.1% in 2023. The impact of the invasion of Ukraine, the sanctions imposed on Russia and the increase in prices of raw materials and, above all, fuels, are weighing more heavily on growth in the more industrially-oriented regions.

February 15, 2022

Colombia | Economic growth showed outstanding dynamics at year-end 2021

In 2021, GDP grew 10.6% over 2020 and 2.8% respect to 2019, driven mainly by final consumption. Fixed investment, although it expanded above GDP, still failed to regain its pre-pandemic levels. We maintain our 2022 growth forecast at 4.0%.