Searcher
Nathaniel Karp
Nathaniel Karp
Chief Economist
USA

BBVA Research Department since 1999 (2005- US Team)

•The World Bank, Ministry of Education, Republic Bank

•BA Studies Economics (ITAM)

•MsC & PhD Studies Economics (Warwick)

Latest publications

Pandemic and election could add noise to short-term outlook, but medium-term prospects improving. Baseline assumes GDP growth of -4.6% in 2020 and 3.8% in 2021. Pace of decline in unemployment to slow as persistent headwinds increase.
With health related outcomes improving and economic activity normalizing, the labor market continued to show signs of improvement in September.
The Covid-19 pandemic generated an unprecedented shock to the labor market that at its peak contributed to the loss of 25 million jobs, forcing 24 million people to claim unemployment benefits and 8 million to leave the labor force temporarily.