Longer working lives improve the sustainability of the welfare state and the public pension system, have positive externalities on the employment and productivity of young workers, and enhance cognitive functioning.
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Murcia's GDP grew by 5.2% in 2021. The sanctions imposed on the Russian economy, the increase in the price of raw materials and uncertainty reduce growth expectations. Even so, Murcia's GDP could grow by 4.1% in 2022 and 3.2% in 2023. By the end of 2023, GDP could exceed that of 2019 by almost 4%.
After growing 3.8% year-on-year in March, economic activity advanced 3.7% in April, despite the strict confinement that took place in the city of Lima. The expansion of the non-primary component stood out (5.1%). On the other hand, the primary …
The GDP of the Balearic Islands would have grown by 10.5% in 2021. The sanctions imposed on Russia and the increase in fuel prices reduce growth expectations. Even so, Balearic GDP could increase by 7.1% in 2022 and 5.0% in 2023, making the Bal…
GDP growth in Castile and Leon could slow to 2.9% in 2022 and 2.1% in 2023. The impact of the invasion of Ukraine, the sanctions imposed on Russia and the increase in prices of raw materials and, above all, fuels, are weighing more heavily on g…
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 short-term bias will depend on the impact of the geopolitical and sanitary risks.
GDP in the Basque Country will accelerate in 2022 to 5.3%. In 2023, GDP growth could moderate to 4.5%. If the forecasts are met, 56,000 jobs would be created between 2020 and 2023. In the short term, the bias on forecasts may be upwards if a lesser impact of the pandemic on activity is confirmed.
The control of the pandemic, the return of foreign tourism, the arrival of European funds and the progressive elimination of bottlenecks to production mark the regional scenario. Tourist communities will grow more, but those in the north will a…
Economic activity grew 4.6% year-on-year in October, a negative surprise for the market. In an analysis comparing GDP figures for 2021 with those for 2019 (pre-health crisis situation), activity decelerated to 1.2% (September: 3.1%).
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…
November 3, 2021
Colombia | In September, the labor market continued to improve but at a slower pace
In September, the unemployment rate was 12.1%, lower than in September 2020, but higher than in the same month of 2019. Between August and September 2021, with comparable data, the unemployment rate decreased by 0.2 p.p..
Rising inflation in Mexico is due to supply shocks and will subside next year. Economy recovers from the crisis, but in a slow and incomplete way.