The truth about how Spain is changing

The severe economic destruction to come

Jun 30, 2020, 10:54 pm
Patrons only
Patrons only: Will the politicians be capable of listening to the Bank of Spain and of forging a real national strategy that benefits Spaniards?

Tonight the second quarter of 2020 ends. The Bank of Spain has published its annual report, centred exclusively on the economic impact of the coronavirus crisis. And what an impact it is going to be. A hit of up to 15% to annual GDP in the worst scenario. Two years of economic suffering await the country, whichever scenario ends up becoming reality. That will take us to the end of 2022. "The level of economic activity will likely suffer a contraction of a magnitude never before seen in peacetime", wrote the governor, Pablo Hernández de Cos.
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Patrons only: The severe economic destruction to come

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