Hugo Perea
Hugo Perea
Chief Economist

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

In January, the Consumer Big Data index accelerated its growth (+4.6% YoY; December 2023: +2.6% YoY). Over the same period, the Big Data Investment index showed significant growth (+26.6% YoY; December 2023: +4.2% YoY).
In November, the Big Data Consumption index registered a new YoY contraction, although lower than in previous months. In the same period, the Big Data Investment index grew YoY for the second consecutive month.
The economy will contract 0,4% in 2023, negatively affected by successive shocks. The impact of most of these shocks (except for El NiƱo) will vanish in 2024 and economic activity will grow again (2,0%). The recovery will be completed in 2025, with output growing around 3,5%.