Overview
- The BCR projects GDP growth of 3.2% for 2025 and keeps a 2.9% baseline for 2026 pending new data.
- Officials say national output is closing the year with solid momentum that could justify an upward revision in the mid-December Inflation Report.
- A trade surplus near $30 billion and a current-account surplus of about 2% of GDP are set for year-end, building national savings.
- Private investment rose 11% year over year in the third quarter versus a 6.5% full-year projection, alongside improving business and consumer confidence.
- Positive terms of trade, including strong copper demand and supportive global financial conditions, are creating a wealth effect as the bank urges channeling savings into productive projects and acknowledges residual uncertainty, including election-related risks.