Gerónimo Ugarte Bedwell
Gerónimo Ugarte Bedwell is a Principal Economist at BBVA Research Mexico, focusing mainly on Banking and Financial System topics.Gerónimo has a BA in Economics from Instituto Tecnológico Autónomo de México (ITAM), a Master´s in Economics from Universitat Pompeu Fabra, and conducted his PhD in Economics studies at Tel Aviv University.Additionally, Gerónimo was awarded the National Award in Economics of the Colegio Nacional de Economistas and has been a professor of Economics (Microeconomics and Macroeconomics) at the FCA postgraduate studies unit of Universidad Nacional Autónoma de México (UNAM). Besides that, he has participated as a speaker in international academic fora on the areas of Social and Economic Networks and Uncertainty Theory.
In September 2023, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 4.7%, while the current credit granted by commercial banks to the non-financial private sector (NFPS) registered annual growth of 5.4%.
October 19, 2023
Mexico | Escalation of War in the Middle East Could Generate Global Economic Disruptions
In addition to the tragedy that human losses represent in the War between Israel and Hamas, global economic repercussions are multiple and can affect economies geographically distant from the epicenter of the armed conflict, which reinforces the motivation to prevent terrorism in all the possible scopes.
In August 2023, the balance of traditional bank deposits (sight + term) registered a real annual growth rate of 3.2%, while the balance of the current credit portfolio granted by commercial banks to the private non-financial sector (NFPS) grew 5.6% annually in real terms.