Searcher
Hugo Perea
Hugo Perea
Chief Economist
Peru

Hugo Perea is an economist with a MSc degree in Economics by the London School of Economics, UK. Hugo has also attended several courses and seminars at international institutions as the IMF, the World Bank and the Federal Reserve.


He joined BBVA Group in May 2004, and currently he is the Chief Economist at Peru for BBVA Research. Before joining BBVA, Hugo worked at the Central Bank of Peru for more than 11 years, and there he was the Head of the Departments of Analysis and Financial Programming and of Econometric Models, areas directly involved with the monetary policy design. Also, as part of his experience in the public sector, Hugo was a member of the Board of the Tax Administration Service from 2011 to 2014.


On the academic side, Hugo teaches courses on Macroeconomics, Monetary Theory and Financial Crises in the most important Peruvian universities and has published papers on these subjects.

Latest publications

We forecast a GDP expansion of 2,5% in 2019, similar to our August forecast. For 2020 we anticipate GDP will grow 3,1% thanks to the normalization of primary activities (mining) and a stronger push from public spending.
Venezuelan immigrants to Peru over the last three years (more than 800,000, equivalent to 2.4% of the Peruvian population) have had non-negligible impacts on aggregate demand and potential GDP.
The boom in agricultural exports has been one of the greatest achievements of the Peruvian economy over the past twenty years. This has been particularly true for fruits and vegetables, mainly sent to Europe and the US. This performance has placed Peru among the most important global suppliers for some products.