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

As expected, the CBRT maintained its policy rate unchanged. Important uncertainties on politics and geopolitics remain to be solved, so today’s decision is a prudent one. We maintain our view that the CBRT will start the gradual easing cycle towards the end of the year, but the expected disinflation could bring it forward.
The escalation of disputes between Tehran and Washington created the major concern in the global geopolitical agenda. Europeans voted to elect their representatives in the European Parliament. British PM has resigned. The trade dispute between China and the United States could not be resolved yet.
Turkish Economy contracted by 2.6% in annual terms in 1Q19. The economy is now technically out of the recession as the quarterly growth in seasonally and calendar adjusted terms turned into positive by 1.3% after the decline of three previous consecutive quarters. We maintain our GDP growth forecast at 0.3% for 2019.