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Economy

Economy

The BBVA Bancomer Tower is not just the colossus that welcomes passersby to Paseo de la Reforma – the city’s most prominent avenue, where also the pre-Hispanic and contemporary Mexicos meet – but it is also a prime example of architectural creativity.

picture of cars principal bbva

The auto industry is one of the industries with the greatest growth in the Mexican economy because everything from autoparts production to car assembly and its connection to the international market have performed well.

In previous years, we observed growth in this industry and estimated that vehicle production would increase 1,5% in 2016 compared to the previous year, despite a tough start to the year with 3,1% declines in the first half of the year. This represents an increase of approximately 51.000 units. Next year, production could increase to just over 4 million units, which would mean a 17,4% jump in 2017. This would once again put the industry at the forefront of the Mexican economy.

fotografia de eduardo osuna mexico country manager bancomer bbva

Mexico’s banking market is in the middle of an expansionary period due to demographic factors and the macroeconomic stability that has been attained over recent years. This has produced a growing demand for credit in several different sectors, permitting a positive financing outlook that could reach the equivalent of 40% of Mexico’s Gross Domestic Product (GDP) in the coming years.

BBVA Research confirmed that the Spanish economy was still growing in the early weeks of the second half of 2016, estimates that Q3 2016 could become the fifth consecutive quarter of growth at a quarterly rate of about 0.8%. Jorge Sicilia, Chief Economist of BBVA Group and Director of BBVA Research and Rafael Doménech, Head of Economic Analysis of BBVA Research shared these findings during the presentation of the Spain Economic Outlook report.

Alarming numbers of both men and women of prime working age (25-54 years old) have been exiting the labor force. There were 4.3 million more prime-age working people who opted out of the workforce in 2016 compared to 2000. The number of males age 25-54 not in the labor force has been increasing since the late 1970s, but the same couldn’t be said of females until 2000. What is behind this historic break in the female labor force trend? To properly analyze the female labor force, it needs to be separated into different cohorts — married vs. unmarried, with children vs. without — since each of these groups exhibits different employment patterns and wage change.

The data generated by the endless amount of operations we engage in every day: transactions, medical inquiries, online publications… have paved the way for the ascent of the data analyst profile. A professional whose work is shrouded in myth and mystery.