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Cantabria's GDP grew by 5,3% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Cantabrian GDP is expected to increase by 3,3% in 2022 and to slow down in 2023, when the increase will be 0,7%.

Seasonality boosted employment (383,300) and the unemployment rate fell (12,5%). Seasonally adjusted figures show that job creation was modest (0,6% quarter-on-quarter), but hours worked increased (1,1%) and unemployment and temporary rates fell (12,4% and 22,5%, respectively).

Madrid's GDP grew by 5,0% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Madrid GDP is expected to increase by 4,3% in 2022 and 2,6 in 2023%. By the end of 2023, GDP could recover the level of 2019.

The economy slowed in 4Q21 (2.2% q/q), but the composition of demand was virtuous. Specifically, growth was supported, above all, by investment and exports. Thus, 2021 closed with an annual increase of 5.1%, confirming BBVA Research forecasts

The economy slowed in 4Q21 (2.0% q/q), but the composition of demand was virtuous. In particular, growth was supported by investment and trade flows. Thus, 2021 closed with an annual increase of 5%, which confirms BBVA Research forecasts and pl…

In 4Q21, employment grew by 153,900 people (4.3% YoY), but hours worked hardly improved. The 158,900 drop in the labor force helped the unemployment rate to fall to 13.3%. In 2021, 571,200 jobs were created (3.0%) and the unemployment rate decreased to 14.8%.

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. …

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.

The GDP of Madrid could grow by 5.1% in 2021 but with a downward bias due to the advance estimate of the Quarterly Accounts. In 2022, regional GDP could accelerate to 5.8%. If the forecasts are met, Madrid would create, on average for the year,…

The economy showed less dynamism than expected. Private consumption and housing drained growth, while productive investment and external demand added. Hours worked barely grew, so most of the improvement in activity is attributable to productivity

In 9 out of 10 households, there was a fall in labor income. The lag in the labor market's recovery prevails, with high levels of unemployment, underemployment and informality, and a slow creation of formal employment.