Valencian Community Economic Outlook. First half 2020

Summary

The economy of the Valencian Community could have grown by 1.9% in 2019 and will advance by 1.5% in 2020 and 2.0% in 2021. Some 55,000 jobs will be created in the two-year period, although the risks are numerous. The level of employment will be 4.2 percentage points lower than before the crisis.

Key points

• Key points:
• In 2020-2021, the Region of Valencia will exceed the pre-crisis level of GDP and GDP per capita by 6 and 4 p.p. respectively
• The urban areas of Valencia and Alicante show the greatest dynamism in the labour market
• The Valencian economy will create 55,000 jobs in the two-year period ending in 2021
• The economy is at a crossroads, where the future speed of recovery will depend on the policies implemented in the coming months

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