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The GDP growth forecast for all the Autonomous Communities increases in 2023, with greater momentum in the industrial and tourist regions. But the forecast for 2024 is reduced: inflation moderates the increase in consumption in the Mediterranean regions, and the improvement in Europe will not be enough to compensate for it.
GDP growth is revised upwards in 2022 and 2023 to 5.5% and 1.6%, respectively, and downwards in 2024 to 2.6%. The Spanish economy is holding up better than expected, although persistent inflation and the expectation of higher interest rates worsen the growth scenario for next year.
The severe economic consequences of the pandemic and the implementation of furlough schemes have highlighted the important role that working hours can play when adjusting the labor market to the current climate.
Social Security affiliation rose strongly in February (88,900) and unemployment practically stagnated (2,600). After adjusting for seasonality, it is estimated that both the number of Social Security affiliation (83,000) and temporary employmen…
We analyse the evolution of the labour market until December 2022 or January 2023 in this edition of OTMT . We take stock of the evolution of the main aggregate indicators and focus on the effects of demographic ageing on employment, working ho…
The type of contract helps to explain the differences in working hours between employees, especially for part-time workers. With some exceptions, the 2022 labour market reform does not seem to have affected the differential in working hours between contract types.
The GDP of Extremadura increased by 4.1% in 2022. We forecast an increase of 1.5% in 2023 and 3.2% in 2024, which will allow the creation of 15,500 new jobs between 2022 and 2024.
The GDP of the Balearic Islands increased by 10.7% in 2022. We forecast an increase of 3.1% in 2023 and 3.2% in 2024, which will allow the creation of 39,000 new jobs between 2022 and 2024.
Economic progress and welfare depend in the long run on innovation, productivity, and employment. The digital revolution and the energy transition are an opportunity for Spanish society, but also a considerable challenge.
This Working Paper briefly describes the latest update of RegData, a database that collects the main economic and demographic aggregates of Spanish regions over the last six decades. For the most part, the series start in 1950 or 1955 and exten…
Household net financial wealth fell in real terms in 2022. The nest egg built up during the pandemic diminished dramatically during the year, potentially capping growth in domestic demand going forward.
The GDP of the Canary Islands will increase by 10.7% in 2022. We forecast an increase of 2.8% in 2023 and 3.3% in 2024, which will enable the creation of 69,000 new jobs between 2022 and 2024.
