Searcher
Giancarlo Carta
Giancarlo Carta
BBVA Research - Senior Economist

Giancarlo Carta has been a BBVA Research economist since 2017, and he has spent his whole career to date in the BBVA Group. Currently he is a member of the Spain Unit, where he handles some of the analysis of Spanish regions within BBVA Research.

Prior to this, he used to be part of the CEO Office, where he was in charge of the bank’s financial analysis (both for the Board of Directors and for the market and analysts), as well as strategic (KPI tracking) and communication projects.

In 2013 he received a Degree in Economic Development and International Cooperation from the University of Palermo (Italy - Final Grade 110/110 cum laude). In 2015 he finished a Master’s Degree in International Economy in the Autonomous University of Madrid.

Latest publications

Despite the quarter's negative seasonality, both the number of jobs (up 0.5% quarterly CVEC) and hours worked (up 0.3%) increased. Furthermore, the rate of temporary employment and the unemployment rate both fell (to 16.1% and 11.7% CVEC, respectively).
According to BBVA card and POS data, during Easter 2024, total tourist spending fell 2.2% year-on-year compared to the same holiday period last year.
Benefited by falling prices, especially energy ones, and lower interest rates, the Spanish economy is holding up better than expected. The distribution of regional growth is centered on the touristic regions and/or the ones producing high value-added services, which will lead the growth.