Searcher
Jorge Sicilia
Jorge Sicilia
BBVA Research - Chief Economist of BBVA Group

Currently Jorge Sicilia is Chief Economist of BBVA Group and Director of BBVA Research. He leads a global team of economists distributed around Europe, Hong Kong, Turkey, Mexico and South America devoted to economic and financial analysis. He is a member of BBVA’s ALCO and BBVA's Regulatory Committee.

Previous to this position, Jorge Sicilia has been BBVA’s Chief Economist for North America; Principal Economist in the Monetary Policy Stance Division at the European Central Bank (ECB) in Frankfurt, Monetary and Financial Markets’ Chief Economist at BBVA in Madrid, Head of Economic and Monetary Studies in Argentaria, Head of Economic and Market Analysis in Analistas Financieros Internacionales (AFI) and Economist in the Economic Studies Department of the Spanish Antitrust Committee.

He has given lectures on macroeconomics, financial markets and financial systems at CUNEF and Carlos III Universities in Madrid, as well as at post-graduate institutions. He is a frequent speaker in events with BBVA’s clients, as well as conferences organized by business associations, think tanks, international organizations and central banks.

He obtained the Degree in Quantitative Economics at Universidad Complutense de Madrid in 1992, and an MsC in Economics and Finance at CEMFI in 1994. He is author of several economic and financial papers published in specialized magazines. Member of the Board of FUNDEF in Mexico and Fedea in Spain.

Latest publications

The meetings of the International Monetary Fund (IMF) are useful to gauge the health of the economy and analyze the challenges it faces. The snapshot this year has been upbeat since global growth forecasts have been revised up and the IMF has attached less importance to the myriad risks it had outlined.
With a similar starting level two decades ago, Gross Fixed Capital Formation per working-age adult in Spain stood at 2,217 euros in 3Q23, 5.3% less than in 2001, while in the EU27 it reached 3,282 euros, 35.6% more than in 2001 and 48.0% more than in Spain.
Deep science is an innovation domain essential to the EU´s three strategic goals: sustainability, competitiveness and resilience.