BBVA Research

Subscribe to BBVA Research feed
BBVA Research
Updated: 2 hours 47 min ago

U.S. | Weekly podcast: personal income, personal spending and construction spending

February 25, 2017
Weekly economic update focusing on the major economic indicators to be released the week of February 27, 2017

Mexico | Economic pessimism and the inflation spike affect consumer confidence

February 25, 2017
The consumer confidence index fell by 26% in annual terms during January 2017, which represents the biggest annual contraction in the history of the index. More negative sentiments on both the current and future economic situation of the country were the main drivers behind the January’s sharp annual drop in the consumer confidence index

United States Economic Outlook. First Quarter 2017

February 24, 2017
Administration’s agenda has the potential to boost U.S. economy, but high degree of uncertainty remains. For the time being, the Fed’s appetite for higher growth and inflation may be limited. However, normalization path to remain gradual. Mix of policies and timing could produce distinct group of winners and losers at the state level

Latin America Economic Outlook. First quarter 2017

February 24, 2017
South America will recover in 2017 after a 4-year slowdown, but in Mexico, the shock of US policy uncertainty is being received in full. The different response to uncertainty about US policies marks the divergence in the dynamics of growth in the two areas of Latin America. South America will grow by about 1% in 2017 and 1.7% in 2018.

Spain: towards a neutral fiscal policy in 2017 and 2018

February 23, 2017
Recent performance of public accounts and the new fiscal measures adopted at the end of the year, anticipates the compliance with the stability target of 2016. The highest deficit adjustment of 2016 was recorded in autonomous communities. The improvement in activity would have been sufficient to bring the public imbalance into line with the targets set for 2017 and 2018.

Argentina Economic Outlook. First Quarter 2017

February 23, 2017
The economy began to recover in 4Q16 and will grow 2.8% in 2017 driven by investment. The downward stickiness of core inflation and the increase in tariffs will keep inflation at 20.8% YoY in 2017, and the CB in a tight stance. 2017 financial needs at USD 40 billion to be covered by debt issues will result in capital inflows and tend to appreciate the real exchange rate

Eurozone | A slight upward revision to our GDP growth projections

February 23, 2017
Our MICA-BBVA model estimates growth to reach 0.5% QoQ in 1Q (2H16: 0.4%) as improving confidence at the start of 2017 suggest that the recovery could be gaining momentum in 1Q17. We have revised slightly upward our growth projections to 1.6% this year and next, though political risks persist.

Turkey economic outlook. First quarter 2017

February 23, 2017
Global conditions improve but some uncertainties remain. Turkish economic activity gradually recovers after the slump in the third quarter of 2016. The Central Bank tightened monetary policy to contain exchange rate and inflationary pressures. The New National Accounts reveal higher potential output for the Turkish Economy

Peru Economic Outlook. First Quarter 2017

February 22, 2017
We have revised our growth projection downwards, from 4.1% to 3.5%. The delay in infrastructure construction, one of the main risk factors considered in the report that we published last quarter, materialised in early 2017.

Mexico | Monthly Report on Banking and the Financial System. February 2017

February 21, 2017
The Infonavit should be allowed not to report information on its affiliates to the credit bureau. Expectations about the policies of the new US administration continue to influence markets. Adjustments to CNBV’s banking rulebook. Revisions to the Banking Performance Assessment of the SHCP

DiGiX: The Digitization Index

February 21, 2017
The Digitization Index (DiGiX) assesses the factors, agents’ behavior and institutions that enable a country to fully leverage Information and Communication Technologies (ICTs) for increased competitiveness and well-being. It is a composite index that summarizes relevant indicators on 100 countries’ digital performance.

USA and China: the new rules of the game

February 20, 2017
Tensions between the USA and China have been rising since Donald Trump was elected president in November of last year. During his election campaign, Trump accused China of manipulating its exchange rate, threatening to introduce trade tariffs of 45% on imports from Asian industrial power.

U.S. | Weekly Podcast: Oil Price Outlook and Home Sales

February 18, 2017
Weekly economic update focusing on the major economic indicators to be released the week of February 20, 2017. Special topic: oil price outlook

Colombia Economic Outlook. First Quarter 2017

February 18, 2017
The global economy is gradually accelerating on the back of United States growth. Colombia GDP growth will rise from 1.9% in 2016 to 2.4% and 3.3% in 2017 and 2018. Investment will be decisive for reaching theses figures. The progressive reduction of inflation will allow BanRep to slash rates during 2017 and 2018.

Pages