Employment latest publications
The economy of Galicia grew 2.7% in 2018, and will still grow 2.2% in 2019 and 2.0% in 2020, creating some 30,300 new jobs in those two years, although some external factors’ contribution shall slow down. Having almost recovered pre-crisis per capita income, creating more and better jobs remains as a challenge
The economy of the Basque Country reduced its growth to 2.2% in 2018, and will keep a similar growth rate in 2019 and 2020. It will create 27,000 new jobs during that time, although there are many risks and some are now more likely to materialize. Total employment will be 5.5 percentage points below its pre-crisis level
The Catalan economy grew at a rate of 2.3% in 2018, and will maintain a similar dynamism in 2019 and 2020, with GDP increases of 2.2% and 2.0%. This will allow the creation of 126.000 jobs, reduce the unemployment rate to 9.8% by the end of 2 020 and recover the positive growth differential compared to Spain
The growth of the Spanish economy may stand between 0.6% and 0.8% QoQ during 2Q19, which would introduce an upward bias on BBVA Research's forecast for 2019 (2.2%). Domestic spending leads the advance of activity and uncertainty over external demand remains high.
BBVA Research's scenario is confirmed: GDP growth has moved toward the peninsular center and weakened in Levante. However, recovery across much of northern Spain has been slowed due to the weakness of the industrial sector. GDP growth exceeded the 2.6% national average in only five of Spain's autonomous regions: Madrid, Can…
The recovery of the Labor market continued in 1Q19. The unfavorable seasonality led to a fall in Labor Force Survey employment of 93,500 people and an increase in the unemployment rate to 14.7%. After correcting this factor, quarterly employment grew by 0.8% and the unemployment rate fell to 14.0%.
In the last three quarters we have witnessed a significant slowdown of the world economy. On a global level, growth has fallen from rates of around 4% to 3%, with a particularly feeble performance of world trade and the manufacturing sector, as a result of the uncertainties arising from the threats of protectionism and the …