The CAEB Confederation of Balearic Business Associations has published an "economic evolution" report, which indicates that gross added value contracted by 4.5% in the first quarter. Describing this fall as "unprecedented", a contrast is made with the final quarter of 2019, when it was +1.5%. The uncertainty prior to the state of alarm and the subsequent restrictions on mobility were the contributory factors.
Economy
Balearic economy contracted 4.5% in the first quarter
Also in News
- Important information for British travellers arriving at Palma airport from April
- Passengers advised to head to Mallorca airport three hours before flights
- Don't miss what's available in this week's Classifieds!
- Former England, Newcastle and Liverpool star a winner in Mallorca
- Get the Mallorca Beach App!
No comments
To be able to write a comment, you have to be registered and logged in
Currently there are no comments.