[New York 16th Reuters]-Spain ’s Carvinho Economic Agency expects that if the economic growth rate of the Catalonian Autonomous Region recovers to the average level in the country, the growth rate of Spain will surpass the European Union as a whole showed that.
He said at a Reuters event in New York, “In the past two years, political conditions have become extremely unstable and social tensions have increased in Catalonia. I think this has clearly affected the economy.” However, details such as how much they were affected were not disclosed.
Catalonia is the driving force behind Spain's overall economic growth, but in recent years, like other major European economies, the pace of growth has slowed, and the aftermath of the recent mess of independence has also pulled the economy.
In response to the confusion over the independence issue in 2017, more than 4000 companies have relocated their headquarters from Catalonia.
Carvinho ’s economic deputy said, “Catalunya was one of the most vibrant regions in the country, but now its economic growth is below the average of other regions. Spain is doing very well. I think it would have been better if it was n’t. ”
Spain is the fourth largest economy in the euro zone, and after surviving the five-year recession in 2013, it has achieved economic growth that surpasses most European countries. The recently revised outlook for 2019 is 2.1%, which is higher than the 1.1% forecast for the EU as a whole.