UPDATE 1-Bank of Spain predicts economy to shrink up to 12.4% in 2020
Spain’s tourism-dependent
economy could shrink as much as 12.4% this year if its
coronavirus lockdown lasts 12 weeks, before staging a vigorous
recovery of at least 5.5% in 2021, the Bank of Spain said on
Monday.
economy could shrink as much as 12.4% this year if its
coronavirus lockdown lasts 12 weeks, before staging a vigorous
recovery of at least 5.5% in 2021, the Bank of Spain said on
Monday.
Posted by Reuters
