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Most sectors slow down sharply. Lower growth in 1H19, inertia defines the state performance pattern.
Investors remained cautious on the back of renewed U.S.-China geopolitical tensions. The U.S. Senate unanimously passed a bill yesterday supporting Hong Kong protesters, which downplayed hopes of a trade deal.
Catalonia's GDP is expected to increase by 1.8% in 2019 and by 1.6% in 2020. This will enable the creation of around 115,000 new jobs between the end of 2018 and 2020, and reduce the unemployment rate to 11.0%
Investors were cautious, awaiting further progress in U.S.-China trade negotiations. A weaker U.S. retail sales outlook spurred concerns about the resilience of U.S. consumption and its economic outlook.