Homero Martinez is a Senior Economist at BBVA Research Mexico, where he specializes in Sectoral and Regional analysis.
He holds a PhD in Economics and a MSc in International Economics from the Paris Dauphine-PSL University, and has a double BA in Economics from Universidad Autónoma de Nuevo León and the Toulouse 1 Capitole University.
Additionally, he has collaborated as an economic analyst for the French Prime Minister Office (France Strategie), and has worked at MSCI as a part of the Risk Metrics team. He has been a temporary lecturer of Macroeconomics and Time Series Econometrics, and as a researcher, he has worked on International Macroeconomics and Real Business Cycles.
Despite the gradual normalization of global trade, less expansionary fiscal policies, and efforts by central banks, inflation remains high. We might wonder if this persistence in inflation is a result of large corporations exercising market power.
The North American Free Trade Agreement (NAFTA) has increased the relevance of foreign trade in the Mexican economy, and led to a deep structural change of the Mexican economy.
GDP advanced 4.8% in 2021, 8 states recovered to pre-pandemic levels. Administrative, Support and Financial Services sectors stall while Manufacturing, Wholesale/Retail and Transportation sectors accelerate.