Weekly Macroeconomic Outlook – October 29-03, 2025

Weekly Macroeconomic Outlook

• The global economy is showing mixed signals, with solid growth and employment in some developed economies, while persistent inflation is keeping central banks cautious. Global trade tensions, coupled with persistent fiscal risks, continue to be factors of vulnerability that limit the scope for additional stimulus and create an uneven recovery environment.

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| Hector Wilson Tovar Garcia: Research Manager – wtovar@accivalores.com

| Maria Alejandra Martinez Botero: Research Director – maria.martinez@accivalores.com

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| Maria Lorena Moreno: IE Analyst - Maria Moreno@accivalores.com

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