Carlos Castellano
Carlos Castellano

Carlos Castellano joined the Global Economic Scenarios unit at BBVA Research as an economist in 2022, also working in this unit in the 2020-2021 period. He previously worked as a risk model validator at Credit Suisse and a corporate actions analyst at Refinitiv.

He holds a degree in Business Administration and a master's in Finance from Universidad Carlos III (Carlos III University) in Madrid, where he was involved in projects on machine learning and hedge fund strategy models.

Latest publications

The European Union is on track to close 2022 with consumption below previous years and healthy reserves. However, a possible return to normal temperatures, China's economic recovery and, concerns about Russia supply and nuclear generation in France could put pressure on the gas markets in 2023
The increase in EU gas reserves to 94% of capacity together with warmer weather and lower consumption indicates that Europe is in a good position to face the rise in consumption during winter. Factors to be considered are the European Commission's proposal on the gas price cap and possible gas supply cuts.
Agencies' sovereign ratings and sovereign spreads in the CDS markets have remained relatively stable over the past year despite the current pandemic crisis and the large fiscal and economic activity deterioration, mainly due to the unprecedented support from fiscal and monetary policies