Publications

Following the midterm elections, economic expectations in Argentina are improving. GDP growth is projected at 4.5% in 2025 and 3.0% in 2026, supported by fiscal balance, monetary normalization, and anchored inflation, which is expected to decelerate to 30% annually.

The Mexican economy faces a slowdown in 2025, with growth sustained by services and the primary sector offsetting industrial weakness. The automotive sector reduces production and exports in response to new tariff policies and trade uncertainty.

The Peruvian economy registered a 3.5% year-on-year growth in January 2026, driven by the dynamism of the construction sector and the recovery of primary GDP. February indicators suggest a slight moderation, while supply factors will affect the end of the first quarter.

The Mexican economy is slowing down, sustained by the services sector and MSMEs. The automotive sector shows a limited contraction due to US tariffs. Multiproduct banking apps are boosting financial inclusion and digital payments.

We study the transmission of monetary policy shocks using daily consumption, corporate sales and employment series. We find that the economy responds at both short and long lags that are variable in economically significant ways.

Colombia's economic growth will begin to accelerate gradually during the second half of the year. Domestic demand is expected to consolidate by 2025. Growth is projected at 1.8% in 2024 and 2.8% in 2025. Inflation will continue to decrease, enabling the Central Bank to expedite rate cuts from the end of the year.

Y, viéndole don Quijote de aquella manera, con muestras de tanta tristeza, le dijo: Sábete, Sancho, que no es un hombre más que otro si no hace más que otro. Todas estas borrascas que nos suceden son señales de que presto ha de serenar el tiempo