Waldo Riveras
Waldo Riveras
Senior Economist

Waldo Riveras is a Senior Economist at BBVA Research for the unit in Chile.

Previously, he served for seven years as a consultant in the macroeconomic team at the Ministry of Finance. Its main tasks there, include the analysis of national and international economic situation, development of models and projections of key macroeconomic aggregates and participation in the evaluation and development of various bills. Along with this, he participated in the design and operation of fuel price stabilization systems used in Chile in recent years.

He is Master in Economics from University of Chile.

Latest publications

Exuberant expectations have been created about local economic growth that we do not share. We have a cautious and conservative view of growth with an unguaranteed expansion of 3.2% this year, significantly lower than the 3.6% in the surveys and the 3.5% estimated by the Central Bank.
The growth in the IMACEC in January of 3.9% YoY exceeds market expectations, supported by a genuine upturn in the non-mining sector. Trade, manufacturing and services boosted growth of 3.5% YoY in non-mining activity, while mining expanded by 8.6% YoY. In February we would see growth of between 4.0% and 5.0% YoY.
The January CPI 0.5% MoM surprised the market and exceeded expectations, due to a significant increase in the price of food (vegetables). Core inflation of 0.3% MoM was largely due to the readjustment of tariffs and a seasonal increase in some services, since the inflation of goods was at 0.1% MoM. The disinflationary impact of the appreciation of the peso is expected to be seen in the coming months.