BBVA Research published its October auto sales chartbook, noting vehicle sales have experienced a v-shaped recovery, increasing 36 percent in the third quarter of 2020 from the previous quarter. However, sales are still 10 percent below levels observed in 3Q2019.
Economy
Economy
The BBVA Research team has published its Economic Outlook for fourth quarter 2020, anticipating that the pandemic and upcoming election could add noise to the short-term outlook even as medium-term prospects improve.
Organized by Garanti BBVA, the Ekonomist magazine and the Turkish Association of Women Entrepreneurs (KAGIDER), the event marks the start of the process to present candidacies for this new edition.
The U.S. labor market continued to improve in August, according to the latest economic analysis from the BBVA Research team.
The Banker has named BBVA Best Transaction Bank in Latin America for second year in a row. The U.K. magazine, a Financial Times group publication, underscored the bank's innovative approach in the region, which allowed customers to continue accessing the bank’s services seamlessly during the pandemic.
The BBVA Research team has published its Economic Outlook for third quarter 2020, as the U.S. faces one of its most challenging environments in modern history.
BBVA Research published its July auto sales chartbook, noting vehicle sales exceeded expectations for the quarter, resulting in an upward revision to the economists’ annual forecast. However, sales were still 33.7 percent below levels observed in 2Q2019, the worst decline since 2Q09.
The BBVA Research team published its economic analysis of the drop in gross domestic product for second quarter 2020, noting it is the steepest decline in over-the-quarter growth since 1937, in the aftermath of the Great Depression.
The BBVA Research team published its insights into the economic impact of possible presidential election outcomes in 2020, noting that a divided government is unlikely to make significant policy changes, resulting in a continuation of the status quo in terms of growth.