Pedro Ezquiaga
Pedro Ezquiaga

Pedro Ezquiaga studied Economics at the Universidad Autónoma de Madrid, where he carried out several student representation tasks. He has also taken a university specialization course in Economic-Financial Analysis at Escuela de Empresa

Pedro did an internship through the Erasmus+ program at AB InBev's headquarters in Prague and did a internship during a year in the global macroeconomic scenarios team at BBVA Research.

Latest publications

We expect a GDP growth to slow from 1.9% to 1.1% in 2019 and remain relatively stable at 1.2% in 2020 due to easing monetary policy and slightly fiscal stimulus, which should offset shocks from trade war and industrial sector (autos). Risks are tilted to the downside (hard Brexit and increasing global protectionism)
Global growth continues in a smooth downward path, led by the weakness of the industrial sector and exports due to trade tensions. Persistent low inflation led central banks to reassess their monetary policy stance. We revised downward our world GDP forecast 0.1pp to 3.3% for 2019 and 2020, with strongly downward risks
Hard data up to March point to domestic demand as the main driver of growth supported by the resilience of consumers and improving labour market. The better performance of exports to other EU countries offset the decline of those to Asia, raising doubts about foreign support and the sustainability of industrial growth.