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​Canary Islands Economy Forecast by BBVA to Improve Further Canary Islands Report | Canary Islands Report

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​Canary Islands Economy Forecast by BBVA to Improve Further

Canary Islands Economy Forecast by BBVA to Improve Further

According to the latest study conducted by the bank BBVA on the economic health of the Canary Islands, the forecasts are optimistic for these islands.

According to this report, the Canary Islands GDP is expected to grow by 2.9% in 2018, and 2.6% in 2019, and in line with what is expected for the whole of Spain. It is also reported that no region of Spain will have a growth of less than 2.5%.

Therefore, if these forecasts are met, during 2018 and 2019 around 56,000 new jobs should be created.

The report also suggests that the unemployment rate for the Canary Islands could be reduced to below 20% over the next two years.

You can find this and other news stories from the Canary Islands and Spain in the free, online 'News from the Canary Islands':

http://newsfromthecanaryislands.com

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