Juan Carlos Alderete Macal

Banorte

Director of Economic Research @ Banorte

Juan Carlos Alderete has 15 years of experience in the financial sector and is Head of Economic Research, responsible for modeling the main economic variables and outlook for Mexico and major economies. He was previously Chief FX Strategist at the same institution and has experience in the analysis of the equity, debt, and real estate markets. He was recognized with the Refinitiv StarMine Award as the best forecaster for the Mexican economy in 2019. Alderete holds a Bachelor’s Degree in Economics from ITAM, where he graduated magna cum laude, and is a CFA Charterholder since 2014. He has been a panelist in specialized industry forums and his opinions and research are frequently quoted in domestic and foreign specialized news agencies and sites, among others.

Juan Carlos Alderete Macal
Hide filters Show filters
Latest articles from Juan Carlos Alderete Macal

IMEF’s PMI surveys – Signals of headwinds into the third quarter

The effects of worsening epidemiological conditions seem evident in both indicators, especially in ‘new orders’ and ‘production’. In ‘employment’, its modest 0.1pts uptick is relatively favorable, probably as workers have not been furloughed despite ...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 2 August 2021

Mexico: Banxico Survey – Strong revisions for inflation in 2021 continue

Forecasts for 2021 were adjusted once again, noting a strong modification for inflation for a sixth month in a row. With this, it is closer to our 6.2%. The minimum sees an expansion of 5.0% (previous: 4.1%), and the maximum of 7.7% (previous: 6.8%)....
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 2 August 2021

Mexico: Family remittances – Strong inflows remain in June

Despite being lower at the margin relative to May, the period’s seasonality is less positive, so the result was very favorable. The amount was lower at the margin, albeit recalling that May is the seasonally strongest period of the year. In this resp...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 2 August 2021

Weekly economic calendar and Earnings Results-For the week ending August 6, 2021

Banorte Gabriel
Gabriel Casillas Olvera @ Banorte 2 August 2021

Mexico: Ahead of the Curve

Proceeding in chronological order... Remittances to remain strong in June. A relevant factor that we believed helped offset for this is that additional unemployment benefits in most states with Hispanic presence continued. Despite the recent wave of ...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 30 July 2021

Mexico: Banking credit – The recovery trend continues in June

Banking credit declined 11.8% y/y in real terms, better than our -12.1% forecast and the -13.1% of the previous month. We expect credit to keep recovering in coming months, helped by less challenging base effects. In this context, corporate loans fel...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 30 July 2021

Filter by tags

Juan Carlos Alderete Macal
Francisco Jose Flores Serrano
Macro
Equity
Macro-strategy
Fixed Income - Sovereign
US
2021
Mexico
June
May
Banxico
COVID-19
2020