Spain | Andalusia Economic Outlook. First half 2021
Published on Wednesday, June 9, 2021
Spain | Andalusia Economic Outlook. First half 2021
Andalusia's GDP may have fallen by 11.0% in 2020 and is expected to increase by 5.4% in 2021 and 7.0% in 2022. Consumption, investment and exports will boost the economy throughout 2021. With risks, the momentum of European funds will be more noticeable towards 2022.
Key points
- Key points:
- Greater drop in Andalusia's GDP in 2020, due to the importance of social consumption and a greater impact on the labor market and exports.
- Employment has not yet recovered the pre-crisis level. There is a greater impact on the Costa del Sol, due to the greater dependence on tourism.
- With the boost from consumption, investment and tourism, 177,000 jobs could be created between 2020 and 2022.
- The risks are the pandemic, addressing the necessary reforms and the distribution of funds NGEU.
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- Topic Tags
- Employment
- Regional Analysis Spain
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