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The coronavirus economic tsunami

Patrons Column: A 12% or 15% GDP hit for Spain's economy is three or four times worse than the worst year in the previous economic crisis.
By Matthew Bennett
Jun 24, 2020, 6:33 pm
PATRONS COLUMN

Spain's gross domestic product (GDP) will sink 12.8% in 2020 because of coronavirus, the International Monetary Fund (IMF) has announced today. In the Bank of Spain's worst scenario, it could collapse by 15.1%. In a few months because of the Covid emergency, it will drop three or four times more than during the worst year of the previous economi...

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