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Regional & Urban Economics

Regional & Urban Economics latest publications

August 12, 2020

Spain | The Mediterranean regions, protagonists of a more markedly V-shaped recovery

The spread of COVID-19 has had an unprecedented impact on the Spanish economy on various fronts. The lockdown that began in March did not last 15 days as initially thought, but ultimately went on for over 90 days.

July 29, 2020

Spain | Fiscal Watch 3Q20

The public deficit deterioration will be greater than expected three months ago. In an unprecedented crisis, the sustainability of public debt could be compromised.

July 28, 2020

Spain | Record-breaking job destruction in 2Q20 despite ERTEs, according to LFS

Employment decreased by 1,074,100 people (-6.0% y/y). However, employees who worked fewer hours than usual due to ERTEs or partial unemployment amounted to 4,580,000, so the hours worked fell by 22.6% QoQ. The decline in the labour force due to the lockdown limited the rise in the unemployment rate till 15.3%

July 28, 2020

Spain | 1st estimation of the regional GDP growth in 2019

The results confirm the BBVA Research scenario. GDP growth was higher in Madrid, Navarra and the southeast of the peninsula (Andalusia, Murcia and C. Valenciana). On the other hand, a more marked slowdown is observed in the peninsular center (Castilla-La Mancha, Castilla y León and Aragón) and Cantabria.

July 23, 2020

Regional Analysis Spain. Third quarter 2020

The greater impact of restrictions on domestic demand, the reduction of consumption on domestically produced goods and services (in particular, social consumption) and the deployment of the tourism sector introduce a downward revision of growth in all the Autonomous Communities and especially on the Mediterranean coast.

July 23, 2020

Spain | Catalonia Economic Outlook. First half of 2020

The GDP of Catalonia could fall 12% in 2020 and grow 7.4% in 2021, which would lead to the destruction of 110,000 jobs. The impact of COVID-19 was significant and heterogeneous, as is the recovery. Public policies reduce the destruction of employment. But the risks remain on the downside.

July 15, 2020

Spain | The economic and social recovery of the community of Madrid after COVID-19

Economic forecasts for 2020 indicate that the COVID-19 crisis will be the deepest and most intense crisis since the end of World War II — for Europe, Spain and the Community of Madrid and for the global economy.

July 3, 2020

BBVA U.S. 2020 Sustainability Index

As climate change and sustainability become more important measures of risks to assets and investment opportunities, the question of which U.S. cities are best positioned to lead in sustainable development needs to be addressed.