Searcher
Sumedh Deorukhkar
Sumedh Deorukhkar
BBVA Research - Senior Economist

Sumedh Deorukhkar joined BBVA Research in 2011. Starting 2019, he has been working as a Senior Economist in the Economic and Financial Forecasting Unit, based in Madrid. His key areas of responsibility include analysis of global portfolio flows and macroeconomic scenarios.

In his prior capacity as Senior Economist Asia, based in Hong Kong and Mumbai, he contributed to a variety of economic research reports on China, India, & ASEAN. He also worked closely with BBVA’s fixed income sales team to provide macroeconomic perspectives to BBVA’s clients across the region, which included several Asian Central Banks. He was also responsible for providing strategic insights to BBVA’s management on Fintech potential in Asia.

In previous years, Sumedh worked with ICICI Bank, India’s largest private sector bank, as an economist in its Treasury department, where he published extensively on the US economy and global financial markets.

Sumedh regularly shares economic views across electronic media and his work is quoted in leading business newspapers and magazines. He holds an MSc degree in Economics from Indira Gandhi Institute of Development Research, an advanced research institute established by the Reserve Bank of India. He also holds a specialized degree in Financial Risk Management from the Global Association of Risk Professionals (GARP), USA.

Latest publications

The German Bund 10Y term premium turned positive in the aftermath of the pandemic, boosted by the upward trend in the uncertainty surrounding inflation as well as spillover effects from a higher US term-premium. Furthermore, Euro Area growth uncertainty and moderation in ECB bond purchases also contributed to the upside.
Inflation moderated less than expected in the first two months of ‘24 constrained by the modest decline in services. Our supply bottlenecks indicators inched up in February 2024 but remain at very low levels.
The downward trend in core inflation persisted in December, helped by a decline in core goods inflation. Headline inflation increased due to base effects. Geopolitical risk in Middle East East worsened, in turn pushing up freight costs. Our supply bottlenecks indicators inched up in December but remain at low levels.