economics

The sporting sector accounts for 1.21% of the country’s GDP, and employs 32,471 people

Lluís Llach, one of the most famous Catalan musicians and one of the main voices against Franco's dictatorship, will  top the pro-independence unitary list running in the Girona Province in the forthcoming Catalan elections, which should become a 'de facto' referendum on independence. In the Tarragona Province, the 'Junts pel Sí' pro-independence list ('Together for the Yes') will be topped by economics professor Germà Bel, an expert on infrastructure. The list groups together Liberal, Social-Democrat, Green, and Christian-Democrat politicians, as well as many independents and representatives from civil society. It will officially start the independence process if they win the elections and pro-independence parties obtain an absolute majority in the Catalan Parliament. The list is topped by former Eco-Socialist Member of the European Parliament, Raül Romeva, who is running in Barcelona Province.

The Financial Times recently ranked the top twenty business schools for undertaking an MBA (Master of Business Administration) programme. Two of these schools are in Barcelona: IESE and ESADE, 7^th and 19^th in the world ranking respectively. Both have around a 90% international student intake for these courses. In recent years, Barcelona has become a global educational destination for MBA students that come to the city attracted by the quality of the schools but also by the city brand and the lifestyle. However, Barcelona is not only a player in business but also in the field of economic research and investigation. 

Unemployment has reached a new historical record in Catalonia, with 641,948 people being signed on. These figures mean that 8,738 more people were out of work in February compared to January. In Spain as a whole unemployment increased by 112,269 people in February. This is 2.44% more than the previous month and puts the total number of people registered as unemployed on February 29th at 4,712,098.

The Spanish Economy grew by 0.7% last year, however decreased by 0.3% in the last quarter, because of the “contraction in domestic demand”. The Catalan Finance Minister, Andreu Mas-Colell, said he would review the 0.8% growth prediction for 2012, since the latest data points to an economic slowdown. Besides, the Spanish Deputy Minister for the Economy, Fernando Jiménez Latorre, stated that data for the first term of 2012 “will be similar” to that of the last quarter of 2011 “or a bit worse”; if confirmed, it would mean a recession.

Robert Casajuana warns, however, that Spain is "getting dangerously close" to offering yields of 7% for 10 year bonds, the point, according to him, "of no return"

Catalan President José Montilla asks for 'solidarity and cooperation' with the Spanish Government in the economic system reform and the labour market. Catalonia represents almost 20% of Spain GDP and it is its main export centre.