Spain: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain
November 13, 2020
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COVID-19 impact. The pandemic has hit Spain’s society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temporary employment make the economy particularly vulnerable to the health crisis. It will take several years for the economy to recover, and the outlook is subject to strong downside risks.
Subject: COVID-19, Financial institutions, Health, Income, Labor, Loan guarantees, Loans, National accounts, Public debt
Keywords: COVID-19, CR, draft budget law, Europe, GDP outturn, Global, Income, ISCR, Loans, staff appraisal, staff assumption, vis nonresident
Pages:
94
Volume:
192020
DOI:
Issue:
298
Series:
Country Report No. 2020/298
Stock No:
1ESPEA2020001
ISBN:
9781513561004
ISSN:
1934-7685
