Publications

Argentina’s economy kept recovering in Q2 2025, driven by fiscal order, a re-monetization strategy, and a flexible exchange rate scheme. The outlook is still shaped by the electoral context and the challenge of ensuring lasting stability in a volatile global environment.

Four years after the last labour reform, the rate of temporary employment in the Spanish labour market has unquestionably fallen. Yet, there is still a high rate of labor turnover and fairly heavy transitions from employment to unemployment.

Colombia’s economy gains traction through consumption and easing interest rates, while investment gradually recovers. Inflation is declining, yet fiscal risks persist. Global uncertainty—with trade and financial tensions—adds pressure. Moderate growth is forecast for 2025 and 2026.

In 1985, Spain joined what was then the European Economic Community. Four decades down the line, the balance is very positive in terms of growth, employment, and well-being, although it also reveals certain outstanding issues that Spain would do well to address.

Colombia's national unemployment rate in April 2025 was 8.8%, lower than the 10.6% observed a year prior. Seasonally adjusted, the April rate also stood at 8.8%, marking the lowest recorded since 2015.

Economic growth in Spain has been based on extensive factors (which may be temporary): incorporating more people into the labor market has been decisive. In contrast, productivity (the intensive and unlimited factor of growth) has yet to take off.

In 2024, the Region of Murcia's GDP could have grown by 3.6%, and is expected to increase by 2.9% in 2025 and 1.6% in 2026. The dynamism of the public sector, tourism and consumer spending, and the recovery of agricultural exports explain this year's strength, while domestic demand is gaining ground.

Spain has staged one of the most dynamic macroeconomic recoveries in Europe after the pandemic. Employment and GDP have far exceeded the levels observed in 2019. However, the mood of households does not seem to have followed the same path.