PRIME Minister Mariano Rajoy has said 500,000 jobs would be created if the Catalunya region returns to ‘normality’.
He added that the country’s economy would grow a third faster than currently predicted if order is restored after the regional elections next month.
It comes after Madrid lowered its GDP growth forecast for 2018 from 2.6% to 2.3% last month as the Catalan situation reached crisis point.
“If this calms down, the economy could grow five or six tenths more next year,” Rajoy said in an interview on Cope radio yesterday.
Spain has been growing at 3% per year since 2015 and is expected to reach 3.0% again this year.
The impressive figures make it one of the fastest growing economies in the Eurozone.
But since the Catalan independence referendum and the ongoing constitutional crisis, the economic outlook has taken a beating.
Some 2,400 companies have moved their headquarters out of Catalunya, the country’s wealthiest region.
The regional elections will take place on December 21.
- Manhunt underway after young woman ‘held down and raped in the street’ by ex-boyfriend and pals in Spain’s Sevilla - 23 Jul, 2019 @ 16:49
- Another swimmer dies off beach on Spain’s Costa del Sol - 23 Jul, 2019 @ 15:22
- British expat pensioner brutally murdered near Spain’s Costa del Sol wanted to move closer to pals in Estepona following husband’s death - 23 Jul, 2019 @ 14:10
- RED ALERT: Warnings across Spain as temperatures to surpass 40C TODAY before scorcher along Costa del Sol on Friday - 23 Jul, 2019 @ 13:22
- British expats in Spain would have ‘strong case’ to sue UK government in case of no-deal Brexit, MP warns - 23 Jul, 2019 @ 12:10
- IN PICS: Luxury lifestyle of Marbella expat couple accused of cocaine trafficking and money laundering as court orders €4 million seizure of assets - 22 Jul, 2019 @ 14:15
- Dead blue whale found floating in Marbella - 22 Jul, 2019 @ 10:39
- OPINION: Justice at last! - 21 Jul, 2019 @ 04:39
- SIMPLY THE REST: Driving through Spain this summer? Here are the best boutique hotels to stop at en route - 20 Jul, 2019 @ 09:05
- Expat Marbella couple held in prison on drug and money laundering charges ‘may have links to Finland’s Hells Angels’ as more details emerge - 19 Jul, 2019 @ 15:13