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

Overcoming the economic ravages that this pandemic is leaving will require all the engines that drive productive activity. A sector that can be a catalyst for growth and greater well-being for all Peruvians is mining.
During the last few months, the GDP has shown a performance. This evolution is remarkable, given the drag generated by political noise. However, persistent political tensions and deteriorating confidence can weigh on the dynamism of the economy and make 2022 an economically disappointing year.
In October, the BBVA consumption indicator grew 15.1% with respect to the same month of 2019 (19.1% September). Compared to October 2020, the indicator grew 18.3%, still favored by a low comparison base (spending restrained in 2020 due to isolation and social distancing measures).