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After growing 1.9% in 2018, the economy of Asturias could have grown by 1.7% in 2019. It will advance by 1.2% in 2020 and 1.4% in 2021, and will add around 3,000 jobs in the biennium. The average GDP pc annual growth rate will be 1.7%, 0.3 p.p. above the Spanish average, due to the worst regional demographic evolution
In 2019 as a whole, and in the midst of trade tensions with the US, China grew by 6.1%. This represents half a point less than in 2018, close to the lower-end of the official growth target range of 6–6.5%, representing the lowest on record since 1990.
Labor productivity in Spain is counter-cyclical, unlike in the majority of developed economies. This phenomenon is mainly due to the poor functioning of the labor market. There is an urgent need to adopt reforms to boost sustained productivity growth
Latin America: gradual recovery in 2020-21, but a surge in uncertainty represents a risk
Chinese economic growth has slightly recovered in the last quarter of 2019, although it continued its medium-to-long-term slowdown trend amid unsettled trade war and domestic structural obstacles. The 2019 whole year GDP growth reached 6.1%, the lowest growth rate for the past three decades.
The two recurring themes that have determined the course of the global economy and represented the greatest sources of uncertainty in 2019 have been protectionist tensions and the threat of a no-deal Brexit.