Searcher
Alvaro Ortiz
Alvaro Ortiz
Head of Big Data Research
Spain

Álvaro Ortiz is the Head of Big Data Research at BBVA Research. He manages the unit implementing the Big Data analysis for Economic, Social and Geopolitical Issues. He previously held several positions at BBVA Research including Chief Economist Turkey and Cross Emerging Market Chief Economist. 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. He holds a PhD in Economics (Universidad Autonoma de Madrid) and Advanced Diploma in International Economics and Policy Research (The Kiel Institute for World Economics in Germany). He took several courses at CEMFI and hold Data Science Professional Certificates from HarvardX (R) and IBM (Python).

He has published in several academic journals as CEPR Discussion Papers, Cambridge Economics WP, Economia the Journal of Lacea, Bank of Spain Working Papers, Opec Energy Review, The Service Studies Journal and Moneda y Crédito. He has collaborated in some international Newspapers as The Economist, Financial Times and relevant local newspapers as El País, Expansion, El Economista…

He has presented his works or participated as panelists at the European Central Bank, Bank of England, Federal Reserve Board, Bank of Spain, NBER Summer Institute, OECD and IMF. Mr Ortiz has participated as Panelists or Speaker in events organized by different Think Tanks as The IIF, The Atlantic Forum, Bruegel, Wilton Park, Salzburg Global Seminar, ME Days; Istanbul Financial Summit, ECFR.

Latest publications

The COVID-19 impact on consumption was much more intense during the first wave than in the rest of the year 2020. By sector of activity, the impact of Covid-19 has been heterogeneus too. Food and health was the most beneffited ones and tourism related sectors the most damaged.
The Central Bank of Turkey raised the policy rate by 200bps to 17%, exceeding the median expectation (150bps). Adopting a medium term perspective against inflation and taking the end-2021 forecast target (9.4%) as guidance confirm the decisiveness of the CBRT to initiate a disinflation process as soon as possible.
The Covid-19 impact on consumption has been significant in 2020 with uneven recovery paths and sectorial effects by country. Consumption growth rates moderated during December in most of the countries given the second wave and some new restrictions. The impact of this second wave is different from the first one.