Outlook for Spain in Covid-19 times: the need to establish the basis for an economic recovery.
Por José María Romero Vera, Andrea Cordero López y Andrea Rodríguez Nieto.
17th of September 2020
The world economy continues to tackle the severe crisis caused by Covid-19. The pandemic has plummeted the Spanish economy harder than the rest of its European partners. The recovery of activity in the weeks following the end of the confinement has not shown the expected drive during the summer. Against this backdrop, Equipo Económico (Ee) has revised its GDP forecast for this year two points downwards, when the drop in GDP will reach -12.0%. The degree of success and effectiveness of economic policy will very much determine the strength of the recovery.