Job creation plummets to 2014 levels and growth confirms the slowdown

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The National Accounting for the third quarter shows two really complex situations: that the economy is indeed slowing at a growth rate close to 2% and that the rate of job creation has collapsed. So much so that the growth in employment measured in full-time equivalent jobs is the lowest since 2014, when Spain was just beginning to emerge from the crisis.

The data published today by the National Institute of Statistics (INE) indicate that "the Spanish GDP recorded a growth of 0.4% in the third quarter of 2019 compared to the previous quarter", which is a rate "similar to that recorded in the second quarter. " And in year-on-year terms, growth stands at 2%, again a figure "similar" to that of the previous quarter but slightly lower and, in any case, far removed from growth of more than 2.5% or even 3 % of just a few quarters ago.

According to the criteria of The Trust Project

• Spain
• GDP
• Macroeconomy

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