Coronavirus pandemic pushed poverty in Spain to highest levels since the Great Recession
According to a survey from the National Statistics Institute, 7% of Spaniards were suffering a shortage of essentials by the end of last year
According to a survey from the National Statistics Institute, 7% of Spaniards were suffering a shortage of essentials by the end of last year
Central lender believes activity will return to pre-pandemic levels by the end of 2022 thanks to reopenings that are supported by improved coronavirus figures
The latest prolongation of the furlough program, which around 600,000 workers are still on, will cost an additional €3.4 billion in public funds
Central lender says the pandemic has intensified existing problems with job market imbalances, quality of education, access to affordable housing and more
The government has set restrictive criteria for accessing €7 billion in non-refundable payouts to compensate for the loss of revenue after a year of the pandemic
The non-refundable payouts are part of a larger €11 billion fund announced two weeks ago to stimulate the economy and prevent a wave of corporate insolvencies as the Covid-19 crisis rages on
The measure is aimed at helping ‘companies, small and medium-sized enterprises and self-employed workers’ who have been hit by the economic fallout of the coronavirus crisis
Nearly 20 years after Spaniards adopted the euro, there has been no convergence with Germany while Eastern European economies are edging closer
Output grew 0.4% in the fourth quarter but it was not enough to compensate for the damage caused by the coronavirus pandemic
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