The Catalan economy: Crisis, recovery and policy challenges
Catalonia is one of the richest regions in Spain. Until the outbreak of the international financial and economic crisis in 2008, it enjoyed a phenomenal economic boom – which then turned into a very severe depression, from which the region began to exit only in 2014. Consolidating the recovery and making the economy more competitive and resilient, and less volatile, are some of the key challenges of economic policy in Catalonia. Also, to improve the region’s social cohesion, policymakers should make sure that economic prosperity is more widely shared, and transform it into an effective tool for social progress.