Searcher
Juan Ramón García
Juan Ramón García
Principal Economist
Madrid

Juan Ramón García is a principal economist in the Spain and Portugal unit of BBVA Research. Among other responsibilities, he is in charge of the conjunctural and structural analysis of the labour market and household consumption in Spain.

Previously, he was a senior economist in the Sectoral Analysis and Global Trends units of BBVA Research and a researcher at the Applied Economics Studies Foundation (Fedea).

He obtained a degree in Economics from the University of Santiago de Compostela in 2001 and a Diploma in Advanced Studies from the same university in 2003.

Latest publications

Card purchases in Dec-21 were 38% higher than in the same period of 2019, 2 points lower than in November (31% YoY). The slowdown in spending with foreign cards, both face-to-face (4%) and online (-35%), offset the increase in transactions with Spanish cards.
Social Security affiliation grew by 72,600 in Dec-21 and unemployment fell by 76,800, more than expected. Seasonally adjusted, employment rose by 73,000 and unemployment dropped by the same amount. In Q4, the increase in affiliation kept its pace (1.1% QoQ SWDA) and the reduction in unemployment slowed (-6.6%).
Card spending in November was 40% higher than in the same month of 2019, in line with what happened in October (49% YoY). The upturn in face-to-face transactions with foreign cards and online transactions with Spanish cards offset the lower advance in face-to-face consumption with Spanish cards.