The economic boom in the Balearics, which some economists have been concerned about for some time, concerned that the local economy was growing too fast, is forecast to start slowing down next year. According to a report on economic growth in Spain next year, conducted by Hispalink of Regional Economies for the Chambers of Commerce, the slowing down in the construction industry will have a negative affect on Balearic economic growth which will increase by an estimated 3.5 percent in 2001. After a number of years of rapid and top level growth, the 3.5 percent will leave the Balearics out of the group of the most dynamic autonomous regions. The Canaries is forecast to be the region posting the highest level of economic growth at around 4.3 percent next year, followed by Madrid and Navarra at around four percent.


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