Searcher
Camilo Ulloa
Camilo Ulloa
Principal Economist
Madrid

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

Inflation has returned and has done so at rates not seen for decades in most developed economies. Spain has not remained unaffected by this episode of global inflation.
Social Security enrollment declined (190.000), unemployment increased (40.400) and temporary employment practically stagnated. Seasonally adjusted, this pattern continued: employment fell again (-20.000), while unemployment rose for the third time in a row (15.000) and temporary employment remained stable.
Enrollment fell for the first time in the month of July (-7.400 people) and unemployment rose unexpectedly (3.200). Seasonally adjusted, the estimated decline in enrolment is 25.000, unheard of since 2020, and unemployment increased by 50.000. The positive note was the growth in indefinite-term employment.