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Balearic Islands Economic Outlook 2017

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The economy of the Balearic Islands grew 3.2% in 2016, and will still grow 2.6% in 2017 and 2.5% in 2018, creating some 32,000 new jobs in those two years, although some external factors’ contribution shall slow down. Recovering pre-crisis per capita income, and creating more and better jobs remain as challenges.

Available in Spanish

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Balearic Islands Economic Outlook 2016

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The Balearics grew by 3.2% in 2015 and became the first region capable of surpassing the pre-crisis level of employment. The growth will settle at around 3.2% in 2016 and 3.3% in 2017. This scenario will allow the creation of 46,000 jobs over the two year period.

Available in Spanish

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Balearic Islands Outlook. First half 2015

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The Balearic Islands economy is still picking up pace. Growth of 3.3% is forecast in 2015 and 3.0% in 2016, again above the national average. Around 38,000 jobs could be created up to late 2016, taking employment beyond the pre-crisis level.

Available in Spanish

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Balearic Islands Outlook 2014

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The recovery in the Balearic Islands started in mid-2013, consolidating job-creation at a stronger pace than the national average. The main pillars of this accelerating growth are a milder fiscal consolidation effort that in previous years and the contribution from the external sector. In the medium term reforms will be needed to reverse the negative trend in productivity and ensure the competitiveness of the tourism sector.

Available in Spanish

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