Searcher
Alvaro Ortiz
Alvaro Ortiz
Chief Economist
Turkey

Álvaro Ortiz is Chief Economist for China,Turkey and Big Data at BBVA Research. He manages the unit  which inplement  the Big Data analysis on Economic, Social and Geopolitical Issues.  He previously worked as Chief Economist Europe, Asia and Middle East at Cemex, Deputy Director of Economic Analysis at Repsol YPF and Head of Latin America at the Economic Research department of Banco Santander.


Mr Ortiz holds a PhD in Economics (Universidad Autonoma de Madrid) and Advanced Diploma in International Economics and Policy Research by The Kiel Institute for World Economics (Germany).


He has published in several academic journals as Economia, the Journal of Lacea, Opec Energy Review, The Service Studies Journal, Bank of Spain working Papers and Moneda y Credito. He usually collaborates in newspapers as El País, El Espectador, El Economista…


He has participated in several conferences at international Think Tanks as Brueguel, Wilton Park, Salzburg Global Seminar, ME Days, IIF.

Latest publications

Coronavirus hits 180 countries. In the US, the epicenter, strict measures may continue till June. In Europe, it is top priority on the political agenda. G20 announced a united front against the pandemic. Tensions between China and the US due to the virus are easing off. The oil price war triggered a major fall in oil price.
Consumer prices increased by 0.57% in March, higher than both the consensus 0.5% and BBVA Research 0.23%. Annual inflation declined to 11.86% from 12.37% in February, led by favorable base effects. Looking ahead, we expect the headline inflation to experience one digit levels as early as May and end the year at near 7.5%.
Industrial Production (IP) in January grew by 7.9% yoy in calendar adjusted terms, lower than both the consensus (8.5%). We maintain our GDP forecast at 4%, with obvious risks on the downside depending on both the magnitude and the duration of the Cvirus shock in the economy and particularly in financial markets.