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)
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.
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.