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Barcelona’s Chamber of Commerce estimates that the Catalan economy grew by 3.2% in 2015, which is more than double the figure for 2014 and marks a return to pre-crisis levels, when the GDP increased by 1.5%. To “keep on advancing on the path of economic recovery” and to respond to Catalonia’s push for independence and “guarantee the territorial stability”, the president of Barcelona’s Chamber of Commerce, Miquel Valls, called for “the widest consensus possible” amongst the main parties with representation in the Spanish Parliament. He also emphasised the “fundamental” need to keep the relationship and the compromises established with the EU, as the 40-billion-euros rescue package for the banks in Spain led to the recovery of the risk premium and brought back the trust in the Spanish market.

The President of Barcelona's Chamber of Commerce Miquel Valls has recognised that there is "an important concern" among many business owners about Catalonia's self-determination process and the economic consequences resulting from the forthcoming Catalan Parliament elections, scheduled for 27 September and which will be transformed into a 'de facto' plebiscite on independence. A few months ago, Valls presented a report from the Chamber of Commerce stating that the self-determination process of the last few years had not affected the economy, as exports, tourism and direct foreign investment were growing at a higher rate in Catalonia than in the rest of Spain. However, as the 'de facto' plebiscite approaches and the political landscape becomes more uncertain due to the independence road map and threats from Spanish institutions, business owners are increasingly worried. In this vein, Valls urged the political parties to detail their economic proposals for after the September elections.

Between 1993 and 2014, a growing trend of foreign investment was registered in Catalonia, a study by Barcelona’s Chamber of Commerce shows. This upward trend continued unbroken in the long-term, not even being interrupted by the decline of -15.8% recorded in 2014. According to the study, it is not possible to conclude that – over the period analysed – investment in Catalonia "has been adversely affected by the political context", in particular the Catalan self-determination process. In addition, for 2015 – even after just the first few months of the year have passed – the business environment seems to suggest that investment in productive capacity will be higher than in 2014.

Barcelona's Chamber of Commerce has predicted that the Catalan economy will grow by 2.7% in 2015 and 3% in 2016. The latest estimates made by the Chamber in February foresaw a growth of 2.5% in the Catalan GDP for this year. The President of the Chamber of Commerce, Miquel Valls, said that this growth "has a lot to do with the surprising recovery of domestic demand, driven by job creation, and increased confidence in the economy." Valls also said that the depreciation of the euro and oil prices are factors that have contributed to the rise in GDP. Besides, the Spanish economy is expected to grow by 2.5% in 2015 according to the IMF or by 2.8% or 2.9% according to the Bank of Spain and the Spanish Government respectively.

Catalan GDP grew by 1.3% in 2014 and will increase by 2.5% in 2015, claims Barcelona’s Chamber of Commerce. “The Catalan economy had a very good performance in 2014, even better than that of Spain as whole, and this acceleration will continue during 2015”, stated the President of the Barcelona Chamber of Commerce, Miquel Valls, on Wednesday. The day before, the Spanish Prime Minister, Mariano Rajoy, announced a revised economic forecast for 2015 and stated that Spain’s economy would grow by 2.4% in 2015. Valls highlighted that all the macroeconomic indicators show positive figures for the first time in the last 7 years, which makes him think that Catalonia’s “recovery from the crisis is a fact”. The industrial sector, exports, construction and job creation are the main reasons behind those predictions, which also benefit from external factors such as the fall in oil prices.

Figures released by the Barcelona Chamber of Commerce on Monday showed that the economy of Catalonia is set to grow by 1.6% in 2014 and 2.1% in 2015. The Chamber also predicted that by 2015, there will be a 2% rise in Spain’s GDP and 1.4% in that of the Eurozone countries average. According to the President of the Chamber, Miquel Valls, the recovery of Catalan and Spanish economies is "solid", but he stressed that the "austerity in wages" must be maintained. This report comes after the success of all Catalan banks passing the stress tests issued by the European Banking Authority and the European Central Bank, which 25 banks across Europe failed. Related economic news is that the unemployment figures released for third quarter of 2014 set Catalonia’s rate at 19.1% and Spain’s at 23.67%.

FC Barcelona has joined Catalonia’s National Alliance for Self-Determination, which groups together more than 3,000 organisations, such as chambers of commerce, employers’ associations, trade unions, political parties, NGOs, etc. The world famous sports club therefore backs Catalonia’s self-determination process and will participate in this group that works to push it forward. Furthermore, in the last few weeks leading Catalan sportsmen such as Xavi Hernández, Gerard Piqué, Pep Guardiola, Cesc Fàbregas, Pau Gasol, Marc Gasol, Aleix Espargaró and Pol Espargaró have given their explicit support to Catalonia’s right to hold a self-determination vote to decide on its own political future, regardless of whether they would vote for independence or not. In fact, only Guardiola has openly backed independence, although none of the others have specified being against it.

The President of the Catalan Government, Artur Mas, stated once again that the self-determination consultation vote will take place on the 9^th of November but he also added that "things have to be done in the right way". In front of businesspeople at an event of Barcelona's Chamber of Commerce, Mas stressed that "both things have to come together", meaning voting and doing things right. He underlined that "this means always respecting an existing legal framework". After the controversies on whether the vote should take place if the Constitutional Court bans it, Mas insisted that the call will be based on Catalan legislation and that the Court might not ban it in the end. Besides, he admitted that Catalonia's "freedom" would come with some economic costs, but that those of continuing in the current situation would be much higher. Mas also said that Pujol's scandal "will not affect" him or the Catalan Government.

The pace of the Catalan economic recovery is "accelerating" according to Miquel Valls, the President of Barcelona's Chamber of Commerce. This is especially apparent in the second quarter of this year, which saw the interannual GDP grow by 1.3%, compared to the 0.4% growth registered in the first quarter of 2014. This rapid acceleration will oblige the Chamber to review in its autumn report its economic forecasts for Catalonia in 2014 and 2015, which are currently set at 1.2% and 1.5% respectively. Although there is still uncertainty to exactly what shape the new economic climate will take, the new predictions of growth could be above 1.5% for 2014 and 2% in 2015, indicated Valls.

According to a report published on Thursday by Barcelona's Chamber of Commerce, the Spanish Government's investment in infrastructure in Catalonia has dropped by 50% in the last 10 years, while it has been reduced by 25% throughout the rest of Spain in the same period. The President of the business association, Miquel Valls, stated that this reduction represents "a break"in the Catalan economy's growth, which could be in a better position to speed up the economic recovery. The report takes into account the executed investment made by the Spanish Government and its public companies in areas such as airports, high-speed railway or harbours. In 2006, the Spanish Parliament recognised "a historical" lack of investment in Catalonia when it approved the Catalan Statute of Autonomy and set a minimum investment percentage share to be made in Catalonia to compensate this in the next 7 years. This share was never respected.

Barcelona has gone from 22^nd to 7^th place in the list of 468 European cities with the best economic prospects; it is ranked the 19^th most competitive city in the world and the 10^th in Europe; it stands at 10^th in the world in terms of receiving new business investments; and it became the 4^th city hosting the largest amount of congresses at world level. The report was produced by the Chamber of Commerce of Barcelona in collaboration with the City Council. Furthermore, another study compiled by ESADE business school stressed that Barcelona is the 1^st European city in money spent per tourist in shopping, ahead of London and Paris. The Mayor of Barcelona, ??Xavier Trias, welcomed the news but also emphasised the ''shadow'' of having more than 100,000 unemployed in Barcelona, a number he finds “unbearable.”

The Barcelona Chamber of Commerce, which supports a "legal" and "informed" self-determination vote, has calculated how independence would affect business and trade exchanges between the two countries in the first 5 years and its impact on Catalonia's and Spain's GDP. Firstly, the business association estimates that with an amicable independence process, there will not be a negative impact on the trade exchange flow and therefore, without considering other elements, the GDP would not be affected by this issue. The Chamber has calculated the impact in 5 negative scenarios: from a 10% commercial boycott to a 50% one. If there was "a very intense conflict" with a 30% boycott, Catalonia's GDP would drop by a total of 3.4% over five years, while the Spanish GDP would drop by 0.8%. Catalan companies sell more to the rest of the world than to the rest of Spain.

The Catalan industrial sector received €1.365 billion of direct foreign investment in 2013, the highest amount since 2005, according to Barcelona’s Chamber of Commerce. This represents 52% of the total foreign investment in Spain’s industrial sector in 2013, while Catalonia represents around 19% of Spanish GDP. Across all sectors Catalonia received a total of €3.51 billion of foreign investment last year, 31% more than in 2012. In addition, the President of the Chamber, Miquel Valls, emphasized that foreign investment in Catalonia went mostly to the industrial sector and advanced services, while in the rest of Spain it mostly went to the recreational and real estate sectors. According to Valls, this indicates that international investors have identified Catalonia with “a new production model”, while this has not happened in the rest of Spain.

28 employers’ associations, chambers of commerce and business organisations have signed a manifesto that explicitly backs Catalonia's right to self-determination. They presented the initiative on Thursday, in a lighthouse on the Costa Brava. The document is based on a previous agreement reached among employers and business associations just from Girona Province (north-east), but now it has been shared with organisations from throughout Catalonia. Some media, mostly edited in Madrid and abroad, are portraying the business community as against the self-determination process, but there are many employers that are backing it, even among the larger companies. A few weeks ago, the President and co-owner of the pharmaceutical Grífols – which is one of the world leaders for blood-derivate products – backed the Catalan President and his efforts to organise a self-determination vote.

The Catalan Minister for the Economy and Knowledge, Andreu Mas-Colell, emphatically stated that if it is “neat, the conflict between Catalonia and Spain will not affect the economy” nor business activity. In front of about 250 employers who were invited at a luncheon organised by Barcelona’s Chamber of Commerce, Mas-Colell explained that “Catalonia had emerged stronger” from the economic crisis. The former Economics Professor in Harvard and Berkley also emphasised that the Catalan Government “will not do anything that may leave [Catalans] out of Europe”, thereby sending “reassuring” messages to business-owners. In his speech, the Finance Minister also defended the ongoing self-determination process, describing it as an attempt to respond to the Spanish Government’s centralist policy which is looking to “laminate” Catalonia’s Autonomy “using the crisis as an excuse”.