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.

Authors

Geographies

Topics

Tags