Fernando Balbuena
Fernando Balbuena
Senior Economist

Fernando Balbuena is Senior Economist at BBVA Research Mexico since 2009. He is in charge of the economic and financial analysis of the real estate sector and the construction industry.

Previously, he worked as Economist in the Economic Development Department of the Economic Commission for Latin America and the Caribbean (ECLAC) of the United Nations Organization (UNO), where he was in charge of the analysis and design of macroeconometric models for the countries of Central America and the Caribbean.

Fernando holds a BA in Economics from the National Autonomous University of Mexico (UNAM) and a MA in Finance from the School of Engineering of the same University. Participates as a speaker in academic conferences and forums related to the housing sector in Mexico.

Latest publications

Update of financial savings and financing indicators in Mexico. Credit limit raised by INFONAVIT. Market performance supported by expected interest rate cuts. Reports by Sociedades de Información Crediticia (Credit bureaus). Information received by SIC from financial institutions.
Mortgage lending increased, with higher average amounts and a slight increase in the interest rate. In 2018, payroll loans slowed their growth rate. The Financial System Stability Council (CESF) updates its risk balance. High concentration of demand for bank mortgage loans.
As with the rest of the economy, the construction sector experienced a significant slowdown at the end of 2018. The two main components, Building and Civil Engineering Works, recorded drops in GDP in the third and fourth quarters.