Javier Amador is Principal Economist of BBVA Research. He joined BBVA Research in 2002. He has worked mainly in macroeconomic and financial analysis related to the Mexican, US and global economy. Between 2005 and 2007 he was a Senior Economist in the US team where he analyzed inflation and monetary policy mainly. He was a Principal Economist in the Global Financial Scenarios Team from 2010 to 2013 where he followed mainly Monetary Policy.
He obtained the Degree in Economics at the Monterrey Institute of Technology (ITESM) in 2000 with the highest honors (Summa Cum Laude), and an MsC in macroeconomics and finance subjects at the University of Birmingham in 2001.
We expect headline inflation to post a mild 0.07% MoM increase in March (3.37% YoY, down from 3.70% in February), with core increasing 0.27% MoM (3.58% YoY, down from 3.66%).
March 25, 2020
Mexico | Impact of Covid-19 on the economy: inaction is more dangerous than overreaction
This is a time when decisions must be made quickly; what is decided will have significant consequences. Drastic measures to ensure that people isolate are urgent, “desirable” and absolutely necessary.
The outbreak of Covid-19 will have a significant negative impact on economies at a global level with generalized shocks on supply and demand, therefore, we revised our GDP growth forecast to -4.5%. Fiscal objectives have to take second place; the most urgent is to underpin health systems and support workers.