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    David Cervantes Arenillas
    David Cervantes Arenillas
    Senior Economist
    Mexico City

    David Cervantes is Senior Economist at BBVA in Mexico. He is a specialist in impact evaluation, education, financial education, migration, remittances, and labor markets.

    BS Degree and PhD in Economics by Universidad Nacional Autónoma de México and Master Degree in Demography by El Colegio de México.

    His previous working background includes; deputy director of Evaluation at the BBVA Bancomer Financial Education Program and in the National Institute of Evaluation for Education (Instituto Nacional de Evaluación para la Educación). He has participated in research and impact evaluation projects of national and international organizations like the World Bank and the International Labor Organization and collaborated as a consultant of federal and local governmental programs in Mexico.

    He has been a professor of Statistics and Econometrics at the Universidad Nacional Autónoma de México and Universidad Anáhuac México Sur.

    Latest publications

    April 12, 2023

    Mexico | Job creation surprises, the highest for a first quarter
    In the first quarter of the year, 423K jobs were created, the best result since 1998, representing a growth of 9.8% QoQ. In March, 136K were created, which is equivalent to a monthly growth of 0.6%, higher than that of the last two years for a similar month (0.4% in 2021 and 0.3% in 2022).

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    March 23, 2023

    Mexico Economic Outlook. March 2023
    Upward revision to our 2023 real GDP growth forecast to 1.4% (0.6% previously); we expect the economy will grow 2.2% in 2024. Private spending will drive growth this year and mitigate the slowdown in manufacturing amid external demand weakness.

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    March 13, 2023

    Mexico | Strong formal job creation in February, but onset to show signs of moderation...
    In February, 176 thousand jobs were created (3.4% YoY), marking the second-highest job creation since 1998. Although this is a significant growth, it aligns with the expected slowdown.

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