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).
Faced with a 0.1% GDP contraction in the second quarter and the possibility of a third-quarter repeat—as raised recently by the Bundesbank—there is speculation that the German government may approve a stimulus package of up to EUR 50 billion (1.5% of GDP).
A week ago, BBVA Research revised its GDP growth forecast for 2019 upward one tenth to 2.3%, twice as much as in the eurozone. Days later, the IMF did the same and its forecast was also raised to 2.3%.
Recently, the OECD (Organisation for Economic Co-operation and Development) and the Fundación Santillana presented the “OECD Skills Strategy 2019” report, drafted under the supervision of Montserrat Gomendio, Head of the OECD's Centre for Skills.