Economy Madrid continues to be the most competitive community in...

Madrid continues to be the most competitive community in Spain and Catalonia “confirms its stagnation”

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The Community of Madrid continues to be the most competitive region in Spain, followed by Navarra and the Basque Country. And in fourth place Catalonia remains, although, according to the Regional Competitiveness Report published this Thursday by the General Council of Economists, this community has stagnated. “Although the competitiveness of Catalonia does not fall, it hardly varies with respect to that obtained in 2018, confirming its stagnation “This document specifically states.

In fact, the so-called competitive triangle “loses strength from the easternmost vertex”, that is, for Catalonia, “the role of Navarra and La Rioja being strengthened in the interior, and that of Aragon weakened”.

The stagnation, they explain from the General Council of Economists, is due to a decline in four of the seven axes studied in the report. They are, in particular, the economic environment, institutional environment, infrastructure and business efficiency. Especially negative is the situation of the institutional environment, which suggests a serious deterioration as a result of the process. Catalonia ranks 14th in this area, which is a medium-low level, and the trend is negative.

The Community of Madrid, for its part, “will once again be the most competitive region in 2019, leading the group with a relatively high level”, although the report indicates that “its growth is below the average and manifests itself with a slight competitive dynamism“.” This slight growth is justified by an acceptable performance in most of the axes and by a significant drop in business efficiency, coupled with the sluggishness of basic infrastructures, “he adds.

The impact of Covid

The document, as noted, refers to the 2019 data, but it already anticipates the possible effects that the coronavirus pandemic will have on regional competitiveness. “Balearic Islands, Catalonia, the Canary Islands, the Autonomous Community of Navarra and the Basque Country“They will be the regions” most severely affected by the effect of the pandemic. “This means that Catalonia would not only stagnate, as it happened in the previous year, but that its situation would worsen.

“On the contrary, Galicia, the Murcia region, Extremadura, Castilla-La Mancha, Cantabria and Andalusia would form the group of communities in which, even though they were negatively affected by the pandemic, the final impact would be relatively minor. Finally, the CCAA with an intermediate incidence would be La Rioja, Community of Madrid, Aragon, Valencian Community, Castilla y León and Principado de Asturias “, states the document.

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