Iñaki Martínez
Iñaki Martínez

Iñaki Martínez works as an economist at the Global Macroeconomic Scenarios unit of BBVA Research, where he joined in November 2017. He previously worked in different positions related to the economic and credit analysis in Santander, CaixaBank and AFI.


He holds a degree in Business Administration from Universidad Carlos III de Madrid, conducting part of his studies in the universities of Sogang (South Korea) and Victoria (Canada). He is also Master in Macroeconomic Policy and Financial Markets from the Barcelona Graduate School of Economics.

Latest publications

EZ 3Q GDP growth slowed down by 0.2pp (more than expected) to 0.2% QoQ, with a negative surprise in Germany, partly due to the impact from new autos regulation, and stagnation in Italy. Our models predict growth at around 0.3% for 4Q, which implies small downward bias to our forecast for this year and next. Uncertainty surrounding Brexit and Italy has increased markedly.
Lower prospects for global growth with mixed data across regions in 3Q18, as the US keeps outperforming while quarterly figures disappoint in China and the EZ. Global trade remains solid, but partly reflects the frontloading of Chinese exports to avoid further tariffs early next year. Our BBVA-GAIN model suggests growth will keep adjusting in 4Q18 to around 0.9% q/q.
Eurozone GDP growth has stabilized at lower levels and remains robust on strong domestic demand. We maintain our forecasts unchanged at 2.0% for 2018 and 1.7% for 2019, but leading indicators have moderated, raising concerns about sustained growth in a context of monetary policy normalization, strains on Brexit and Italy's budget and the risk of an intensified trade war.