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In the second quarter of 2023, the colombian GDP grew 0.3% YoY. Domestic demand decelerated sharply, mostly explained by investment, which implied a double-digit drop in total imports. For 2023, BBVA Research maintains the GDP growth forecast at 1.2%.
The earth's temperature records of recent years far exceed the historical baseline averages. It is beyond all doubt that the main reason for the upward trend in global temperatures is the highest level of concentration of carbon in the atmosphere caused by economic activity.
Spanish exports increased by 12.9% from 4Q19 to 1Q23. By comparison, GDP would have barely returned to its pre-pandemic level during that period, while private consumption and investment were 4.8% and 3.7% below 4Q19 levels.
In the first quarter of 2023, GDP grew 3.0% YoY and domestic demand fell 0.1% YoY, due to the deterioration of fixed investment and inventory deaccumulation. External demand contributed positively to growth. BBVA Research has a slight upward bi…
This Working Paper briefly describes the latest update of the sectoral module of the RegData FEDEA-BBVA database (see de la Fuente 2017 and 2023 and de la Fuente and Ruiz Aguirre, 2020).
This presentation analyzes the evolution of GHG emissions in Spain and its main determinants. The Spanish Regions that contribute the most to national activity do not always generate the most emissions. Sectoral structure and mix and balance of energy, largely explain the differences between regions.
This note analyzes the CO2 footprint of households in 10 European economies, adding to direct emissions their indirect ones through input-output analysis and detailing their structure by product. Thus, the analysis makes it possible to describe patterns and relevant factors for climate change mitigation policies.
The labour market reform changes the sectoral distribution of contracts by duration: those sectors with a greater weight in shorter duration contracts, such as Accommodation and food service activities and Agriculture, forestry and fishing, los…
This Working Paper briefly describes the latest update of the sectoral module of the RegData FEDEA-BBVA, with the main Regional Accounts Indicators.
Economic activity grew 9.7% year-on-year in September, still a high rate due to a low comparison base. In an analysis comparing GDP figures for 2021 with those for 2019 (pre-health crisis situation), activity accelerated to 3.1% (August: 1.6%),…
Part of the higher inflation we are seeing in Spain is due to a recovery in demand thanks to strong progress in the COVID-19 vaccination drive and economic support policies. Another part is explained by factors that could slow down growth.
Spanish companies are facing the invisible attack of COVID-19 from a position of relative strength after experiencing strong deleveraging over the past decade due to the Global Financial Crisis, which led them to lower their debt from levels of more than 110% of GDP (2008) to 73% (2019).
