Andalusia Economic Outlook. Second half 2019

Summary

The economy of Andalusia grew by 2.4% in 2018 and will advance by 2.0% in 2019 and by 1.6% in 2020. This will add around 150,000 jobs in the biennium (almost 1 in 4 jobs in Spain), recovering to pre-crisis levels. However, the unemployment rate will still be 7.1 p.p. above the 2007 minimum

Key points

• Key points:
• In 2019-2020, Andalusia will surpass the pre-crisis level of GDP and GDP per capita prior to the crisis and will recover that of employment
• The tourist areas of Malaga and Almeria, as well as the provincial capitals, already exceed the levels of affiliation in 2008
• The Andalusian economy will create 150,000 jobs in the biennium ending in 2020, being the region that will contribute most to the creation of jobs in Spain (1 in 4 jobs)
• External (protectionism, brexit, Europe's growth...) and internal uncertainty are increasing

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