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The GDP of Castille-La Mancha increased by 4.8% in 2022. We expect an increase of 1.1% in 2023 and 3.3% in 2024, which will allow the creation of 31 thousand jobs between 2022 and 2024.
Andalusia's GDP increased by 5,9% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, growth is expected to be 4,3% in 2022, but to decelerate in 2023 to 0,9%.
Navarre's GDP grew by 4.8% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Navarre's GDP is expected to increase by 3.5% in 2022 and to slow down in 2023, when the increase will be 0.2%.
Extremadura's GDP could grow by 5.2% in 2022 and 2023, boosted by pandemic control, household savings, European funds (NGEU) and unused productive capacity. But the conflict in Ukraine could reduce growth to 4% in both years if there is no quic…
The GDP of Castilla-La Mancha could grow by 4.8% in 2022 and 4.7% in 2023. If the forecasts are fulfilled, Castilla-La Mancha could recover the pre-crisis GDP level in this semester. Between 2021 and 2023, 86,000 new jobs could be created. The …
Cantabria's GDP could grow by 5.9% in 2021 and 5.4% in 2022. If the forecasts are met, Cantabria will be the region that recovers the fastest to the pre-crisis level of activity and some 15,000 new jobs would be created between 2020 and 2022. There is a downward bias on these forecasts.
Galicia's GDP could grow by 5.6% in 2021 and 5.4% in 2022. If the forecasts are met, Galicia will be one of the regions that recovers the pre-crisis level of activity the fastest and some 33,000 new jobs would be created between 2020 and 2022. There is a downward bias on these forecasts.
Aragon's GDP could grow by 4.7% in 2021. In 2022 it could accelerate to 5.4%, approaching the rate of growth forecast for Spain. If the forecasts are met, Aragon would create 21,000 new jobs between 2020 and 2022. There is a downward bias on th…
Catalonia's GDP could grow by 5.3% in 2021. In 2022, regional GDP could accelerate to 5.6%. If the forecasts are met, Catalonia would create some 215,000 new jobs between 2020 and 2022. There is a downward bias on these forecasts.
GDP in Castile and Leon could increase by 5.9% in 2021, and by 6.1% in 2022. This would result in the creation of some 25,000 jobs compared to 2020. There is a downward bias on these forecasts if Spain's slower economic recovery is confirmed.
The GDP of Navarre could increase by 5.9% in 2021, and by 7.3% in 2022 (Spain: 6.5% and 7.0%). This would result in the creation of 11,000 jobs compared to the end of 2020, and a reduction in the unemployment rate by three tenths of a percentage point to 9.8% on average over the following year.
GDP contracted by 7.6% in 2020. Increased uncertainty about the spread of COVID-19 and the measures implemented to contain it weighed on activity. The economy is set to slow over the coming quarters and is expected to grow by 4.0% in 2021 and accelerate to 5.1% in 2022.
