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Enestor Dos Santos

BBVA Research

Principal Economist

Enestor Dos Santos is principal economist at BBVA Research.

His previous professional and academic experience includes the World Bank, the IADB, the Wharton Business School and the IE Business School.

He holds a Ph.D. in economics from the University of Pennsylvania and a master's degree in the same discipline from the Getulio Vargas Foundation in Brazil.

Latest publications

Brazil Economic Outlook. October 2025

1 October 2025

The Brazilian economy has been losing momentum, reinforcing deceleration prospects. GDP is expected to slow to 2.2% in 2025 and 1.5% in 2026, helping inflation ease to 4.8% by end-2025 and 3.7% by end-2026, paving the way for a monetary easing cycle from early 2026.

Brazil Economic Outlook. June 2025

12 June 2025

Domestic demand remains strong, despite some recent signs of moderation. However, the lagged effects of sharp monetary tightening—now mostly over—along with less expansionary fiscal policy and a less supportive global backdrop are expected to pave the way for a deceleration of both GDP growth and inflation.

Global | The impact of trade tariffs on the global economy

11 June 2025

The impact of tariffs is computed through the calculation of effective tariffs under different scenarios and simulations based on distinct methodologies. If the current tariffs remain broadly unchanged, global growth could initially fall between 0.2pp and 0.5pp, and potentially more over the medium term.