Andalusia Economic Outlook. Second half 2014

Summary

Andalusia’s economic growth is holding steady in the second half of the year. The likelihood of lower momentum in the eurozone may be partly offset by the boost from a more expansive monetary policy, through both lower interest rates and a depreciated euro. Internal demand will also be driven by a no-longer contractive fiscal policy and by the correction of imbalances. In this context, the Andalusian economy will grow by 1.3% in 2014, and by 1.8% in 2015. All in all, encouraging the recovery of employment, while improving its quality, continues to be the key challenge facing the regional economy.

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