Spain | Valencian Community Economic Outlook. First Half 2021

The economy of Valencian Community may have shrunk by 10.7% in 2020, and might grow 5.9% in 2021 and 6.5 in 2022. Public policies softened the impact of COVID-19. Consumption and investment will push the economy through 2021. With risks, the situation should be getting back to normal by 2022.

Key points

• Key points:
• The greater strength of domestic spending, exports and investment contribute to a lower contraction in 2020, despite the greater relevance of social consumption and tourism.
• Heterogeneous impact by urban areas, sector and personal characteristics
• With the boost in consumption and investment, 77,000 jobs could be created between 2019 and 2022.
• The risks are the pandemic, addressing the necessary reforms and the distribution of funds NGEU

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