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In 2024, the prospects will improve in all the Autonomous Communities, driven by employment, domestic consumption and, above all, service exports. In 2025, the push will come from the industrial communities and the recovery of the south after the drought, with tourist communities losing momentum.
GDP growth in 2024 is revised downwards for all peninsular regions. Greater corrections in the northern regions, but they will lead growth in 2024. In 2025, a general acceleration due to the improvement in domestic consumption and European demand: advantage for national tourism recipients.
Catalonia's economy will grow by 2.7% in 2023 but will slow down to 1.8% in 2024. This will allow the creation of 180,000 jobs in the biennium.
Without significant changes in the regional growth hierarchy in 2023. In 2024, external demand weakens the progress of activity, with a greater impact on the more open regions.
Catalonia's GDP to grow by 2.6% in 2023 and 2.0% in 2024. Catalonia will return to the pre-pandemic level of GDP in 2023, and throughout 2024 it could regain that of GDP per capita. Almost 180,000 new jobs could be created between 2023 and 2024…
Upward revision of the Spanish economy in 2023 to 2.4%, to be led by the Balearic Islands, Canary Islands and Madrid. But growth in 2024 is revised by 0.5 pp (to 2.1%), due to the slowdown in the tourism industry, the rise in interest rates, and the delay in the impact of the NGEU funds.
The GDP growth forecast for all the Autonomous Communities increases in 2023, with greater momentum in the industrial and tourist regions. But the forecast for 2024 is reduced: inflation moderates the increase in consumption in the Mediterranean regions, and the improvement in Europe will not be enough to compensate for it.
Catalonia's GDP increased by 5.2% in 2022. We expect an increase of 1.5% in 2023 and 3.6% in 2024, which will allow the creation of 151 thousand jobs in the biennium.
The economy is more resilient than expected in 2022. In the first half of the year, due to domestic demand and tourism, and in the fourth quarter, due to exports and employment. In 2023 and 2024, external demand will contribute negatively, but …
Spain's GDP grew more than anticipated in the first half of 2022. The 2022 revision implies more dynamism in tourism and less in exports of goods and investment in capital goods. The islands remain the main drivers of growth.
We provide the first proof of concept that naturally occurring data from millions of financial transactions can be harnessed to estimate national accounts in real time and high definition
Spain's GDP will grow by 4.1% in 2022 (in line with what was forecast three months ago), but private consumption is revised downwards and investment and exports, both goods and tourism services, are revised upwards. On the other hand, growth for 2023 will be lower due to the slower progress in European demand.
