Searcher
Manuel Cabezas
Manuel Cabezas
Economist
Madrid

Manuel Cabezas is an economist at Global Macroeconomic Scenarios Unit at BBVA Research since 2017. Previously, he worked as a research assistant at Europe Unit.


He obtained a bachelor degree in Economics from University of Seville in 2014, conducting his exchange program at the University of Pavia. In 2014, he began the preparation for the public competitive exams to join the Economists and Trade Technicians Senior Corps of the State of Spain at CECO (Centre for Economic and Commercial Studies).

Latest publications

The strength of the world economy is being exposed to divergent forces that have intensified global risks. Fiscal stimulus approved in the US will likely spur growth in other areas, but protectionism poses a risk. We maintain our forecasts for global growth unchanged at 3.8% for 2018-19 with some adjustments across regions. To complement our analysis we add a brief note.
The current strength of the world economy is recently being exposed to divergent forces that have intensified global risks. Fiscal stimulus approved in the US will likely spur growth in other areas, but protectionism poses a risk. In this context we maintain our forecasts for global growth unchanged at 3.8% for the period 2018-19, with some adjustments across regions.
Our MICA-BBVA model suggests a cruise speed growth in 1Q18 at 0.6/0.7% QoQ, supported by strong global trade and fixed investment. Despite solid fundamentals, we observed early signs of moderation as weak hard data in January adds to a cooled optimism in 1Q. Annual inflation eased again to 1.1% in February driven by food, while the core figure remained steady at 1.2%.