The Pacific Alliance, made up of Chile, Colombia, Mexico and Peru, is a regional economic and comercial powerhouse. This area grows more than the average in Latin America. BBVA Research expects GDP growth of 1.6% and 2.3% in 2017 and 2018, respectively. “The Pacific Alliance is a success story in integration. And not by chance. It shares an ambition and a set of values behind this policy, on how prosperity should be reached,” said Jose Manuel González-Páramo, executive director of BBVA in Santander.
Argentina and Brazil are finally pulling out of recession and driving the economic growth in Latin America as a whole this year, despite the slowdown in other countries in the region. According to BBVA Resarch’s ‘Latin America Economic Outlook’ Q3 report, the region will grow 0.8% in 2017 and 1.7% in 2018.
BBVA Research places Spain at 30th in the digitization ranking of 100 countries, an intermediate position behind nations such as Germany or France, but ahead of other southern European countries like Italy or Portugal. However, Spain “is much better prepared for the Fourth Industrial Revolution than it was for the previous ones,” says Rafael Doménech, head of Macroeconomic Analysis at BBVA Research.
This is the message the G20 wanted to transmit at the end of the summit that took place last weekend in Hamburg, Germany. However, it does not seem that this actually reflects the tone among the heads of state. The main point of disagreement was around the U.S. position on climate change. They agreed on issues related to opening markets, international trade and the stability of the financial system.
The role the European Central Bank played during the crisis was fundamental to the European economy getting off the ground, according to José Manuel González-Páramo. He experienced part of this process firsthand as a member of the ECB Executive Board and Governing Council from 2004 to 2012. He is currently BBVA’s Executive Director.
Low- to moderate-income seniors have a new place to call home in Huntsville, Ala., after the grand opening on June 15 of Lenox Park Apartments, a 60-unit development financed by BBVA Compass.
Halfway into its five-year, $11 billion commitment to serving low- to moderate-income communities, BBVA Compass has made tens of thousands of pinpoint investments and loans that have changed lives and created opportunities.
Millennials are perhaps the most overanalyzed and overgeneralized generation in history, and the myths surrounding them are endless. From “clueless” to “brainiest” and “self-obsessed” to “socially conscious,” the stereotypes of those born between 1982 and 1995 are often contradictory and range from flattering to derogatory. But just like any other generation, Millennials are by no means homogenous.