Catalonia Outlook. First quarter 2019

The Catalan economy grew at a rate of 2.3% in 2018, and will maintain a similar dynamism in 2019 and 2020, with GDP increases of 2.2% and 2.0%. This will allow the creation of 126.000 jobs, reduce the unemployment rate to 9.8% by the end of 2 020 and recover the positive growth differential compared to Spain

Key points

• Key points:
• In 2018, the slowdown occurred due to the containment of exports, the industrial sector and the trade and the hotel industry
• Monetary policy, oil prices and a lower need for fiscal adjustment will help growth
• Risks continue to be numerous, and the likelihood of occurrence increases

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