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

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.
Financing provided to the non-financial private sector slowed in the second half of 2018. Housing prices rose by 7.9% in the first quarter of 2018. Market players focus on concerns around the financial situation of Pemex and the "patient" stance of the FED.
Automotive loans slow down their dynamism, but continue to boost consumer loans. Payroll loans recover dynamism after a year of reductions. Personal loans continue their slowdown and record lower portfolio quality. Banxico publishes its annual report on the actions taken to comply with the Transparency Act.