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 t...