MIN READFeb 18, 2021 | 16:06 GMT

A pro-Catalan independence rally on Sept. 28, 2020, in the Spanish city of Barcelona.

(PAU BARRENA/AFP via Getty Images)

While the next Catalan government is unlikely to unilaterally secede from Spain in the short- to medium-term, the issue of Catalan independence will continue to raise long-term questions about Spain's territorial integrity and generate political and economic risk in the region and in Spain as a whole....