Camilo Ulloa
Camilo Ulloa
Principal Economist

Camilo A. Ulloa joined BBVA Research in 2009 and now is Principal Economist for the Spain & Portugal unit. His main areas of interest are macroeconomics and applied econometrics, and his research has mainly focused on economic scenarios assessment, short-term forecasting and structural time series modeling.

He has been Teacher Assistant at the Department of Economics (Carlos III University) and Research Assistant at the Bank of Spain. He currently teaches in the Master's Degree in Foreign Trade (Carlos III University).

Camilo has a M.Sc. in Economic Analysis from the Universidad Carlos III de Madrid.

Latest publications

Both Social Security affiliation (92,900 people) and unemployment (36,900) increased. Seasonally adjusted, the number of affiliated workers grew by 20,000 (4,000 less than in September) and the number of unemployed rose for the second consecutive month (2,500). The temporary employment rate fell by 0.2 pp to 57.6% SWDA.
The economy slowed down in 3Q23 (to 0.3% quarter-on-quarter) due to sluggish external demand and despite the good performance of most domestic demand. The advance in activity occurred in a context marked by a marginal increase in both hours worked and productivity per hour.
Employment grew more than expected (209,200 people). After adjusting for seasonality, employment data was positive, both in terms of the number of workers (0.8% QoQ SWDA) and in terms of hours worked. In addition, temporary employment fell (16.8% SWDA) and the unemployment rate increased (12.2% SWDA) due to the labor force.