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June 18, 2019

Galicia Economic Outlook 2019

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

June 4, 2019

Basque Country Economic Outlook 2019

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

June 4, 2019

Catalonia Outlook. First quarter 2019

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

May 20, 2019

Spain | GDP growth remains solid in 2Q19, despite uncertainty.

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.

April 30, 2019

Spain | Regional GDP growth in 2018

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…

April 25, 2019

Spain: Employment declined in 1Q19 for seasonal reasons, but less than expected

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%.

April 22, 2019

More uncertainty and less growth

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 …

April 16, 2019

Colombia Economic Outlook. Second quarter 2019

Internal demand will continue to support growth in a low interest rate environment.