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

Social security affiliation rosed by 31,700 people in dec-19 (2.0% YoY) and unemployment fell by 34,600 (-1.2% YoY). Excluding seasonal factors, employment grew by 15,000 people and unemployment by 5,000. In 4Q19 the affiliation slightly advanced (0.4% t/t CVEC) and unemployment broke its downward trend (0.1% t/t CVEC)
At the end of the year, the economy could string together three consecutive quarters with an increase of 0.4% QoQ, below the growth observed since the beginning of the recovery (0.7% QoQ, on average). In this context, job creation has stabilized, there is a more volatile composition of demand and low inflation
Social security affiliation fell by 53,100 people (2.3% YoY) and unemployment rose by 20,500 (-1.7% YoY). Excluding seasonal factors, there are signs of stability in the labor market, in figures less favorable than those of 2018: employment grew by 30,000 people and unemployment registered its fourth growth in 2019 (1,200)