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Turkish economy grew by 0.1% q/q and 2.5% y/y in 2Q24. Significant revisions in both 2023 and 1Q24 resulted in a moderation of the quarterly growth path with 0.1% growth in 2Q24 after 1.4% in 1Q24 (vs. 2.4% before revision) in contrast with our previous mild contraction expectation.

In Q2 2024, fixed investment in Colombia grew by 4.3% year-on-year, breaking a streak of five consecutive quarters of contraction and indicating that it is gradually beginning to recover its role as a key driver in the economy.

Colombia's GDP grew 2.1% year-on-year in Q2 2024, exceeding the 0.8% growth in Q1. Domestic demand and investment showed signs of recovery, with household consumption up 1.5% and investment up 4.3%. A 1.8% growth is expected for 2024.

Europe and the U.S. are considering how to increase the weight of manufacturing in the production structure. Since the beginning of the pandemic, fiscal plans and tariff policies have been announced to boost or protect certain sectors.

Investment in fixed capital has grown strongly in recent years in a number of geographies. Recent trends indicate that digital technologies such as artificial intelligence and the energy transition will help sustain, and even accelerate, invest…

Growth figures for the economy in the second half of the year will improve compared to those observed in the first half of the year, however, this will not be enough. It is necessary to take actions in the short and medium term to boost growth and avoid costly damages.

Savings in Colombia have decreased, affecting investment in key sectors. Increasing disposable income and savings is crucial to fostering economic growth. Policies should focus on promoting savings and productive investment.

In the face of increasing evidence of the consequences of human-caused climate change, inaction is not an option. Climate mitigation and adaptation policies must be further promoted, including appropriate incentives to finance investment needs …

Climate investment needs depend on both the definition of what is needed and the reference scenario for climate change. All in all, for keeping “net zero” within the realm of possibility there is a funding gap to close by both public and, mainl…

The Colombian economy is cycling towards recovery, with projections of moderate growth. Increasing investment and improving infrastructure are needed to accelerate the pace. Seizing local and external opportunities is crucial. Public-private co…

Banca de las Oportunidades recently published its 2023 financial inclusion report. According to the report, in 2023, Colombia reached almost universal financial inclusion. However, its credit inclusion is still low.

The GDP grew by 0.7% YoY in the first quarter. The growth slowed down, with March being the month with the least activity among the three months. Domestic demand was the main source of the low growth. The performance of fixed investment and the manufacturing industry remains concerning.