Spanish economy shrank 17.8% in the second quarter due to coronavirus crisis
The decline is the largest since the 1930s, but not quite as bad as the National Statistics Institute had anticipated
The decline is the largest since the 1930s, but not quite as bad as the National Statistics Institute had anticipated
According to the central lender, GDP will fall between 10.5% and 12.6% this year as a result of the coronavirus crisis
A strict lockdown, reliance on tourism and a high rate of temporary contracts help explain why employment decreased by around 8%
New data shows that output has fallen to levels not seen since the late 19th and early 20th centuries
If approved, the Spanish economy would be the second top beneficiary of the historic program after Italy
Governor Pablo Hernández de Cos asks lawmakers for a reform program spanning several political terms in order to avoid a new debt crisis in the wake of the coronavirus recovery effort
The Bank of Spain estimates that GDP could retreat by between 6.6% and 13.6% this year due to the coronavirus crisis, which has grounded most business activity to a halt
With the economy in slow motion, small entrepreneurs may soon benefit from extended deadlines on social security payment obligations
Infections push past the 200 mark while Israel announces that travelers from Spain and other countries will be quarantined
A low birth rate and new migration trends pose questions about the country’s ability to generate growth
The European Central Bank’s stimulus policy will create significant savings from lower borrowing costs, but the EU wants Madrid to use that money to reduce its debt
Spaniards are producing and earning less than previously reported, according to a periodic review from the country’s National Statistics Institute
The government is waiting to see what other candidates are put forward before suggesting Nadia Calviño as the successor to Christine Lagarde
The Bank of Spain warns that the young are bearing the brunt of the effects of the 2008 economic crisis
Strong internal demand pushes forecast up to 2.4%, although supervisor warns about the effects of a wage hike and external factors
But Bank of Spain warns about spending measures and says the next government to come out of the general election should prepare for a downturn
Inflows from the UK have grown by 80%, but businesses are choosing to relocate their headquarters elsewhere, in cities such as Frankfurt, Paris, Dublin and Amsterdam
The outlook for 2019 is lower because of domestic uncertainties such as the budget impasse
The organization is not seeing signs of a new bubble, but wants tools in place to keep credit in check if necessary
Annual study praises the recovery but says much of it is due to cyclical factors, not structural reforms
Pedro Sánchez may abandon his plan to see out the legislature in a minority government, but not everyone in his Socialist Party is in favor of early polls
Analysts now waiting to see if lenders will raise them further to offset new cost of a controversial tax
A decade after the Spanish property bust, some reforms have been undertaken, but the country is still burdened by excessive debt, labor market duality, lack of competitiveness and high student dropout rates
European Union’s statistics bureau shows improving figures for the Spanish economy but they are still below the EU average
New Bank of Spain report says sales of goods to UK fell last year ahead of Britain’s exit from EU
Country is taking longer to close gap between the rich and poor than in other post-recession periods
For the first time, stats show Spain has a higher GDP (PPP) per capita, but Eurostat data says otherwise