February 22, 2021
David Cervantes Arenillas
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.
Job creation is off to a slow start in 2021. Despite having positive job creation in January is insufficient given the loss of jobs that occurred since the start of the pandemic, which maintains a gap of 792 thousand jobs less compared to February 2020.
February 18, 2021
Mexico | Cyclical & structural factors explain a worse relative performance of the economy
Timid and less timely countercyclical policies, structural lags and problems of uncertainty for investment are behind the greater decline and the prospects for a slower recovery expected for Mexico.
Economic activity is facing significant risks in 1Q21 from the increase in the number of people infected. We are forecasting low and relatively stable inflation during 2021–22 and lower interest rates for a prolonged period.