Key issues

Spain: moving towards more sustainable growth

The slowdown of the Spanish labour market is knocking at the door

• The pace of job creation fell more sharply than expected in 2019. This, together with the growth of the labour force, is holding back the reduction of the unemployment rate. • In 2020 the pace of job growth will continue to moderate, but will nonetheless remain considerable, in line with the growth of economic activity. After four years with increases of around half a million workers per year, the pace of job growth is reducing, both in parallel with and as a result of the slowdown in economic activity...