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Galicia's GDP increased by 4.1% in 2022. We expect an increase of 0.7% in 2023 and 3.4% in 2024, which will allow the creation of 17 thousand jobs in the biennium.

The biggest economic success story of the last century is that of the so-called Asian tigers: Taiwan, South Korea, Singapore and Hong Kong. These countries managed to become advanced economies in a short period of time.

Catalonia's GDP increased by 5.2% in 2022. We expect an increase of 1.5% in 2023 and 3.6% in 2024, which will allow the creation of 151 thousand jobs in the biennium.

GDP grew 1.7% year-on-year in November. A somewhat lower figure than the previous month due to lower landings of anchovy. The non-primary component of GDP continued to lose dynamism in a context with less favourable conditions for private spend…

Activity indicators signaled the continuation of weakness till late Dec22 but starting from thereafter early figures indicate the reversal of the recent deceleration. We forecast 5-5.5% GDP growth in 2022 and a very strong start to the year wit…

The INE has today published the first estimate of GDP growth for 2021 by Autonomous Community in Spain. As BBVA Research pointed out, the greatest dynamism was seen in the island and tourist regions. The Canary Islands, Navarre and the Basque Country surprised on the upside, while Castile and Leon surprised on the downside.

We expect lower growth and inflation in 2023. GDP would grow 3.0% in 2022 driven by the manufacturing sector. We stick to our 0.6% GDP growth forecast for 2023 but with an upward bias considering the 3Q22 data, INEGI’s revisions, and the effect of nearshoring.

GDP grew 2.0% year-on-year in October, a figure somewhat higher than the previous month, with the performance of mining standing out. The non-primary component of GDP, however, continued to moderate in an environment that is less favorable for …

The economy is more resilient than expected in 2022. In the first half of the year, due to domestic demand and tourism, and in the fourth quarter, due to exports and employment. In 2023 and 2024, external demand will contribute negatively, but …

The main macroeconomic imbalances, specially the fiscal one, have been curbed in the second half of 2022 after the change of Economy Minister. It will be crucial to maintain this dynamic during the next election year. The current drought entail…

Three years after the pandemic began, the imbalance in the public accounts looks to be finally returning to pre-COVID levels. However, public expenditure will be 6 pp of GDP higher than three years ago.

The economy will grow 2.7% in 2022, an upward revision. In 2023 the expansion will be 2.5% given lower global growth, high interest rates and lower public investment. On the other hand, Quellaveco will reach its operational capacity and tourism will normalize. This will reverse in 2024 and activity will grow 2.4%.