Regional Analysis Spain
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La Rioja's GDP grew by 4.4% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Rioja's GDP is expected to grow by 3.4% in 2022 and 3.0% in 2023. By the end of 2023, GDP per capita could be 1% higher than in 2019.
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.
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%.
June 21, 2022
Spain | More permanent contracts in May, and fewer indefinite duration temporary contracts
The May 2022 contract statistics confirmed the upturn in permanent contracts, especially among younger people, and the fall in the number of temporary contracts, focused on those of indefinite duration.
The Recovery Plan failed to fullfil expectations in 2021. As we look forward, we must focus on streamlining and accelerating its roll-out and on using it to transform our economy and invest wisely in projects with strong potential to increase employment and improve job quality and productivity.
Aragon's GDP grew by 4.2% in 2021. The sanctions imposed on Russia and the increase in fuel prices reduce growth expectations. Even so, Aragon's GDP could increase by 2.9% in 2022 and 3.0% in 2023. By the end of 2023, GDP per capita could exceed the pre-crisis level by 1%.
Despite the expectations created at the end of 2020, the Plan's impact on the National Accounts was slow in 2021 — though this is expected to accelerate in 2022 and 2023. The challenge now is to invest wisely in projects which will drive and transform the economy.
Card spending increased 41% year-on-year in May (51% in April). Progress was greater in the online channel (69%) than in the face-to-face channel (30%). The end of the state of alarm in May 2021 magnified the year-on-year slowdown in purchases, especially with foreign cards.