- Bank of Spain sees the country's economy contracting 9%-11.6% in 2020 in most likely scenarios
Market news
8 June 2020
Bank of Spain sees the country's economy contracting 9%-11.6% in 2020 in most likely scenarios
- Sees economy shrinking 16%-21.8% in Q2 this year
- Expects economy to grow 7.7%-9.1% in 2021 and 2.1%-2.4% in 2022 in most likely scenarios
- Sees economy shrinking up to 15.1% in 2020 in case of new Covid-19 outbreaks requiring additional, strict lockdowns
- Sees unemployment in 2020 rising to 18.1%-19.6% before recovering to 17.1%-17.4% in 2022
- Sees EU-Harmonized inflation at -0.1% to -0.2% in 2020, at 1.3% to 1.2% in 2021, at 1.6% to 1.5% in 2022, in most likely scenarios
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