Compared to the previous quarter, GDP grew just 0.2%, one of the worst quarter-on-quarter data since the pandemic.
The BAC’s gross domestic product (GDP) grew by 1.6% last summer, the same rate as employment, which rose by a net 15,326 jobs in one year in the autonomous community.
These data confirm the progress made in the accounts carried out in October by the Basque Statistical Institute-Eustat, when it already indicated this growth of the Basque economy, a tenth lower than the last macroeconomic scenario foreseen by the Basque government.
This increase confirms a stabilization of GDP after six quarters of sustained slowdown, from 7.2% year-on-year growth in early 2022 to 1.5% in the previous quarter.
It also confirms GDP growth of 0.2% compared to the previous quarter, one of the worst quarterly figures since the pandemic that shows a cooling of the economy, mainly due to the progress of the sector, which compared to the experienced a relapse in the previous three months. months of 2.4%.
Source: EITB
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