Head of Economic Analysis
Rafael Doménech is the Head of Economic Analysis of BBVA Research and Professor of Economics at the University of Valencia.
MSc in Economics, London School of Economics. PhD in Economics, University of Valencia. Director General at the Economic Bureau of the Spanish Prime Minister (2007-8). He also has been director of the International Economic Institute and member of the Advisory Board of the University of Valencia. External researcher of the Spanish Ministry of the Economy and Finance and the Fundación Rafael del Pino. He was appointed by the Spanish Government as a member of the Expert Committee on the Sustainability Factor of the Public Pension System.
Fellow of the Spanish Economy Association. He has been member of the editorial boards of the main Spanish journals in Economics. He has published numerous articles in well-known international scientific journals on economic growth, human capital, business cycles, and fiscal and monetary policies. He is author of two books on the Spanish economy: The Spanish Economy: A General Equilibrium Perspective (Palgrave MacMillan) and En Busca de la Prosperidad (Deusto).
The recent review by the INE (Spanish Office of National Statistics) of the Quarterly Accounts came as a surprise, with growth in the second quarter falling below previous progress and the forecasts by analysts and experts.
Spain is heading for its fourth general election in four years. The Spanish economy has slowed during this period, with GDP growth falling from 4% at the end of 2015 to 2.1% in the second quarter of 2019.
BBVA Research forecasts indicate that the Spanish economy will grow by less than 2% in 2020. However, this growth could be reduced even further if some of the risks to the international economic scenario materialize.