Published on Friday, February 5, 2021

Catalonia | Economic situation and outlook

Presentation at Automobile Talks 2021 on the situation and outlook for the Catalan economy .

Key points

  • Key points:
  • The COVID-19 pandemic evolution and sectoral specialisation, key to explaining the unprecedented contraction of the Catalan and Spanish economies in 2020.
  • Restrictions and uncertainty worsened the decline in passenger car sales. Some of the pent-up demand will start to emerge in 2021.
  • Progress in immunisation and expansionary policies will boost growth from mid-2021 in Catalonia. GDP will increase by 5.9% in 2021 and 7.2% in 2022, supported by increased tourism demand, European funds and unused productive capacity.

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