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BBCNEWS Business Briefing December 21, 2017

That crisis looks set to continue. Catalonia is barely more than 6 of spains territory. But it accounts for around a fifth of the spanish economy, and almost a quarter of exports, as well as 16 of the population. Last week the bank of spain cut its National Economic growth forecast for next year from 2. 5 to 2. 4 , citing the uncertainty around catalonia as one of the main reasons. Businesses arent waiting to find out the impact. Many are moving their legal headquarters out of catalonia. Some reports suggest 3,000 have done so since the referendum, although politicians have been arguing over the numbers. Take a look at the spanish stock market. It was rising strongly in the first half of the year. Since 0ctobers referendum its been on a downward trajectory. Lets get more on this story. 0ur correspondent guy hedgecoe is in barcelona. Hejoins me via webcam. You have been living in spain for some time. Do you think that what we se ....

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