Juan Manuel Ruiz
Chief Economist for Latam
Juan Ruiz has a PhD in Economics from BostonUniversity and a BA in Economics from Universidad Católica del Perú.He has been working at BBVA Research since 2010 and is currently the Chief Economist for South America. Previously, he was the Head of the International Economics Division at Banco de España, the Spanish Central Bank. He represented Banco de España in many working groups at the European Central Bank, OECD and BIS. He has also worked at the Economic Studies department at SUNAT, the Peruvian Tax Administration.He has taught at several economics departments, including Universidad Autonoma de Barcelona, Universidad Carlos III de Madrid and University of Essex in the UK.His areas of expertise include international macroeconomics and trade, and his research has been published in prestigious international academic journals and books, apart from regular columns both in Spanish and Latin American newspapers.
How is Latin America affected by the recent difficulties facing certain banks in the US and Europe? In all honesty it is too early to tell, but any eventual impact would be indirect and would not happen via the Latin American banking system.
Peru is one of the hardest hit countries by COVID in Latin America, with the second highest number of cases per million and near the top in mortality as well. We estimate that the contagion rate has been declining in recent days, but need to wait and see if the trend consolidates given the reopening of the economy.