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Regional analysis

18 Jan 2021

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This year, the Davos Forum will be celebrating its most special and challenging edition, in the midst of the ongoing COVID pandemic. For this reason, the 51st edition of the World Economic Forum (World Economic Forum, WEF) will be held in two phases: An virtual one in January and another one, face-to-face, in August. The summit will convene politicians, businessmen and representatives of social and cultural organizations at a crucial time for the world, under the tagline ‘The Great Reset‘.

23 Jan 2020

07 Feb 2019

26 Apr 2018

25 Jan 2018

17 Dec 2017

Argentina’s small and medium sized enterprises, despite being pummeled by taxes and struggling to access credit, managed to survive the collapse of consumption. Now, they are gearing up to capitalize on the improving economic outlook, thanks to the lending and tax measures that the government will roll out in short to encourage them to invest. Four our of every 10 companies say they intend to do so.

15 Dec 2017

13 Dec 2017

The outlook for Argentina’s economy in 2018 remains optimistic, with GDP expected to expand by nearly 3% for the second consecutive year. However, achieving sustained growth and attracting international investment will depend, not just on stable macro indicators, but on long-lasting structural reforms. While the initial signs of economic recovery became apparent in the second half of 2016, it wasn’t until mid-2017 that growth rates began to pick up across most industries.

12 Dec 2017

11 Dec 2017

21 Nov 2017

20 Nov 2017

The refugee crisis, political events and the social reaction to them, natural disasters such as Hurricane Harvey or Hurricane Irma, the sentiments of people or central banks… there is an ever-increasing number of events whose economic impact, in a world of growing risk and uncertainty, is hard to gauge using traditional methods. That’s where ‘Big Data’ and ‘Data Science’ techniques come in, helping to quantify these trends from micro to macro level.

19 Oct 2017

26 Sep 2017

22 Sep 2017

20 Jul 2017

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.

10 Jul 2017

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.

23 May 2017

18 May 2017

April 2017 Update. Tensions continued between North Korea and US over the nuclear test programme and the US increased its missile defence system in the area. The Chinese will continue to maintain the statuo quo while the tone of the US escalated but softened thereafter. In the Middle East, the advances of the coalition forces continue and the the ISIS situation deteriorates. The US decided to advance in Raqqa (the ISIS capital) supporting the YPG forces in the combats. Turkey has already protested the decision. Social unrest increased in some Latin American countries, while Asia remained calm. Uncertainties about the future of Europe decreased after Macron’s victory in French elections.

For more information, please visit BBVA Research’s website

21 Apr 2017

11 Apr 2017

After the chemical weapons attack on Syrian civilian population, the US launched its first military strike against the Assad regime sending a clearer message to Syria and North Korea. However, it is still early to know whether this is a tactical message or part of a broader strategy. Europe and Asia kept with low conflict levels, while in North Africa, instability rose.

For more information, please visit BBVA Research’s website

29 Mar 2017

After the positive surprise of growth in Q3 2016 (+2% y-o-y) and the developments that took place in the final months of the year, we expect GDP for 2016, which will be disclosed in May, to close at about 1.2%, finally pulling out of the stagnation of recent years, and leaving a positive momentum for 2017.

03 Mar 2017

02 Mar 2017

In a meeting organized by the Rafael del Pino Foundation to discuss the future of Europe, José Manuel González-Páramo said that the “European Union is more necessary today than ever” to rise up to find a solution to the Old Continent’s most pressing issues. According to BBVA’s Executive Board Director, the EU now faces the challenge, but also the opportunity, to plot its future without the UK, one of its traditional and more important, partners.

On the financial plane, BBVA’s Executive Board Director highlighted the EU’s achievements in its path towards building a banking union. However, he warned about the need to keep moving ahead with the reforms and completing the following stage in the process: the rollout of the EDIS, the European Deposit Insurance Scheme.

16 Feb 2017

07 Feb 2017

The usual “known unknowns” continue to be alive and new ones could join this year. In the short term, the anti ISIS offensive continues and still far from being solved. Meanwhile the long lasting conflict between Russia and Ukraine looks to escalate. North Africa and the Middle East will continue to be the main hot spots in 2017, but higher political and geopolitical uncertainties could arise all over the world. The rise of populism and constrains to the flows of people (anti-immigration) and trade (protectionism) will challenge the international rules and globalisation. The new agenda by the US administration and the response of China, Russia and the Middle East, as well as uncertainties in Europe (elections and the Brexit) will continue to shape the dynamics of the geopolitics of the coming years.

For more information, please visit BBVA Research’s website

30 Jan 2017

17 Jan 2017

46 years ago, in 1971, a group of business leaders reunited under the patronage of the European Comission and some industrial associations. The economist Klaus Schwab chaired the first meeting, with 440 attendants from more than 30 countries in Davos, Switzerland. In this reunion, the European Economic Forum was founded as a non-profit organization with its headquarters in Geneva.

Ever since then, thousands of political and business leaders, artists and enterpreneurs have met in the anual Davos-Kloster meeting. The following 15 milestones are only some of the main events that have marked the history of the World Economic Forum.