Jorge Sicilia
Jorge Sicilia
Chief Economist of BBVA Group

Currently Jorge Sicilia is Chief Economist of BBVA Group and Director of BBVA Research. He leads a global team of economists distributed around Europe, US, Hong Kong, Turkey, Mexico and South America devoted to economic and financial analysis. He is a member of BBVA’s ALCO.

Previous to this position, Jorge Sicilia has been BBVA’s Chief Economist for North America supervising the teams conducting economic and regulatory analysis on the US and México; Principal Economist in the Monetary Policy Stance Division at the European Central Bank (ECB) in Frankfurt, Monetary and Financial Markets’ Chief Economist at BBVA in Madrid, Head of the Department of Economic and Monetary Studies in Argentaria, Head of Economic and Market Analysis in Analistas Financieros Internacionales (AFI) and Economist in the Economic Studies Department of the Spanish Antitrust Committee.

He has given lectures on macroeconomics, financial markets and financial systems at CUNEF and Carlos III Universities in Madrid, as well as at post-graduate institutions, academic and non academic conferences, and central banks fora.

He obtained the Degree in Quantitative Economics at Universidad Complutense de Madrid in 1992, and an MsC in Economics and Finance at CEMFI in 1994. He is author of several economic and financial papers published in specialized magazines. He was member of BBVA Bancomer ́s foundation and a member of the Private Creditor-Investor Committee for Greece; and is now member of the Financial Studies Foundation at the ITAM.

Latest publications

The most frequently repeated words during meetings and conversations last week in Washington were: low growth, political interference, trade war, downside risk, negative rates, financial instability, green economy, uncertainty, unilateralism and fiscal policy.
Last Saturday the G20 summit was held in Argentina. What better opportunity to discuss the trade war than the meeting of representatives of countries that account for more than 75% of global growth, investment and trade.
The Single Market so far has not been a sufficient condition to ensure higher growth in per capita income, productivity and employment. The interaction between good national policies and the institutional upgrading of the EMU is crucial for enhancing the positive effects of the Single Market and to seize the opportunities of the ongoing digital revolution.