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img_publication Outlook

Balearic Islands Economic Outlook 2018

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The economy of the Balearic Islands is estimated to have grown at 4.1% in 2017. Looking ahead, regional GDP is expected to grow by 3.0% in 2018 and 2.6% in 2019. This would allow the creation of 36,000 new jobs and would reduce the unemployment rate to 7.1% at the end of 2019, very close to the historical low reached in 3Q16 (5.5%).

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