Wednesday, 19 October 2011

Crisis hits Baix Penedès and Garraf especially hard

An annual economic study of the 41 comarques of Catalonia, published by Catalunya Caixa, reveal a weak 0,1% general growth for the year 2010, but there are big geographic variations.

All parts of Gran Penedès end up in the second half of the list and, sadly enough a growth rate at +/- zero in Anoia is our best position (24). Alt Penedès is number 34 with an economic contraction at -0,7%. Especially critical is the situation in Garraf and Baix Penedès in the third last and second last positions and with negative growth rates of -1,7% and -2,1%, respectively, above all due to the effects the financial crisis has on the real estate and construction industries.

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Read more in Spanish: Expansión

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