Madrid Economic Outlook. Second half 2019

Summary

The economy of Madrid grew by 3.7% in 2018 and will advance by 2.6% in 2019 and 2.2% in 2020. Some 128,000 jobs will be created in the biennium, although the risks are numerous and some of them are more likely now. Employment will exceed pre-crisis levels by 1% by the end of the biennium

Key points

• Key points:
• The Community of Madrid has already surpassed the pre-crisis level of GDP and GDP per capita
• In 2019-2020, the Community of Madrid will exceed the pre-crisis level of employment
• Madrid's economy will create 128,000 jobs in the biennium ending in 2020
• External (protectionism, brexit, Europe's growth...) and internal uncertainty are increasing

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