Independence
Catalonia finds independence drive was costly for its economy
Predictions come as Catalan parliament prepares to elect next regional president
Catalonia will continue to count the cost of its drive for independence, according to BBVA Research.
The Madrid-based bank sees the Catalan economy trailing the performance of Spain overall, as indicators point to weakness across the board from job creation to consumer spending. The lender’s research department sees Catalonia, the biggest regional economy, growing 2.1% this year compared to a forecast of 2.5% for the whole of Spain.
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