- INE. Spain suffered a historical collapse in the second quarter: the economy sank 18.5%
- Coronavirus. Sánchez acknowledges that Spain will not overcome the economic crisis until at least 2023
The Spanish Levante was the area that suffered the most from the economic collapse that the country as a whole registered in the second quarter. And Catalonia, the Balearic Islands and the Valencian Community , three communities with many similarities, Mediterranean and highly dependent on tourism, were the ones that most blamed the coup.
The Independent Authority for Fiscal Responsibility (AIReF) has published its estimate of the composition of the Gross Domestic Product (GDP) by communities, and the aforementioned three suffered a drop that in all cases exceeded a notable 22% in the case of the Balearic Islands it reached an extraordinarily negative 26% .
The falls of these regions is even higher than that of the Canary Islands , a region that all forecasts included among the two that would receive the most punishment along with the Balearic Islands. The difference, in any case, is very limited since the Canarian community fell 21%. It also calls in the AIReF data that Aragón, Navarra and La Rioja also suffered setbacks above the average and that they oscillated between 20.9% of the foral community and 19% of the Aragonese region.
According to the criteria of The Trust ProjectKnow more
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EuropaMichel proposes to cut the EU budget and keep the size of the Recovery fund more conditional
Economic crisis The Sánchez government is the only one among the great European powers that wants to raise taxes
Reconstruction Economists (XI) Emilio Ontiveros: "It will be devastating for the economy if the situation gets out of control and there are new seclusions"
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