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    Miguel Cardoso
    Miguel Cardoso
    BBVA Research - Chief Economist

    Miguel Cardoso is Chief Economist for Spain at BBVA Research, where he leads a team of 13 economists dedicated to the macroeconomic, sector and regional analysis of the Spanish economy. At BBVA Research he has also held positions as Chief Economist for Chile, and Senior Economist for Emerging Markets.


    Previously, he was an Assistant Professor (on tenure track) at the Department of Economics of Universidad Carlos III de Madrid, and worked also as an Advisor to the Director General of Fiscal Planning in the Ministry of Finance and Public Credit in Mexico.


    He earned a Ph.D. in Economics from the University of Minnesota in the U.S., and a BA in Economics from the Instituto Tecnológico Autónomo de México (ITAM). He has authored several publications, with some of his main areas of research being the amplification mechanisms of business cycles, the characteristics of the crisis in Spain and its regional impact, as well as the impact of public policies on the determinants of export capacity, public finance and the labor market.

    Latest publications

    April 2, 2024

    Spain | Investment needs reforms to prosper
    The Spanish economy continues to grow, and has even accelerated in recent months. However, it does so with investment flagging, despite the support provided by the steady flow of resources from Europe.

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    March 20, 2024

    Spain | Avoid cliffs
    The way some economic policy measures are designed results in unnecessary increases in production costs in Spain, hinders companies' growth, discriminates between individuals in similar circumstances, leads to lost tax revenue and can even affect people's health.

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    March 11, 2024

    Spain | Why is it Europe's fastest growing economy?
    The Spanish economy is faring better than anyone expected a few months ago. And despite high interest rates, held back by a European economy that has been stagnant and amid heightened uncertainty surrounding economic policy. With all this, GDP growth in Spain (2.1%) still looks set to outstrip the overall eurozone (0.7%).

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