Valencian Community Economic Outlook. Second half 2019

Summary

The economy of Valencian Community grew by 2.1% in 2018 and will advance by 2.0% in 2019 and by 1.4% in 2020. This will add around 74,000 new jobs in the biennium, although the risks are numerous and some of them are more likely now. The employment level will be 6.4 percentage points below the pre-crisis level

Key points

• Key points:
• In 2019-2020, the Valencian Community will surpass the pre-crisis level of GDP and GDP per capita
• The urban areas of Valencia, Alicante, Costa Blanca and Denia-Javea have already recovered the affiliation levels of 2008
• The Valencian economy will create 74,000 jobs in the biennium ending in 2020
• External (protectionism, brexit, Europe's growth...) and internal uncertainty are increasing

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