Manuel Ernesto Saenz Valdez

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Manuel Ernesto Saenz Valdez

BBVA Research

Economist

An economist who graduated with honors from the Pontifical Catholic University of Peru. He monitors and analyzes the main sectors of the economy, as well as their real impact on BBVA's activities.

Previously, he worked as Strategy Manager at BBVA Peru, and he has more than 7 years of experience in corporate strategy in various industries. He has also worked as a research assistant at the Research Center of the Universidad del Pacífico of Peru, where he wrote publications on sustainability and entrepreneurship.

His areas of interest are sector analysis applied to new businesses and financial analysis.

Latest publications

Peru Economic Outlook. March 2025

18 March 2025

The Peruvian economy will grow 3.1% in 2025, 0.4 percentage points more than forecast in December. This change primarily reflects higher expected growth in the US and China and earlier and increased investment flows into some mining and infrastructure projects. Growth is projected to remain at 2.7% for 2026.

Peru Economic Outlook. December 2024

4 December 2024

The Peruvian economy will grow 3,1% in 2024, 0,2pp more than expected in October. The revision mainly reflects the third quarter positive surprise. For 2025 we expect a 2,7% expansion, amid a challenging external context, but also when large infrastructure projects will begin construction.

Peru Economic Outlook. October 2024

3 October 2024

GDP will grow 2.9% this year and 2.7% in 2025. Private spending will gain traction in the coming quarters, supported by more favourable financial conditions, the impact of private pension funds withdrawals, and the beginning of construction of some infrastructure projects, while public spending will moderate.