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The coronavirus crisis will have negative consequences for the economy of Spain. It is undoubted. The issue, points out the International Monetary Fund (IMF), is how long and intense the impact will be and also the reaction of the Government. For now, the IMF continues, there is such uncertainty that it does not dare to make a growth forecast even for this year, something totally unusual. But what they do maintain from the agency that Kristalina Georgieva directs is that it will cause the paralysis of consumption and tourism , two of the country's great economic engines, with all that that implies.
"In addition to the certain degree of deceleration that could be anticipated with the maturation of the economic cycle, it is now expected that temporary disruptions caused by the global outbreak of coronavirus to supply chains, trade, tourism and domestic consumption will further slow down the economic growth in 2020 ", the IMF explains in the annual review of the Spanish economy that it has published today.
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