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.
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.
Latin America: gradual recovery in 2020-21, but a surge in uncertainty represents a risk
The outlook in Latin America in recent weeks has been marked by general elections in Argentina, Bolivia and Uruguay. This is in addition to extensive protests in Ecuador and Chile.