The National Institute of Statistics (INE)

has moderated by seven tenths

, to 17.8%, the collapse of GDP in the second quarter of the year, which it advanced on July 31, and which was a consequence of the confinement decreed to stop the epidemic of the

coronavirus

.

This historical drop, which intensified compared to the 5.2% contraction in the first quarter of the year, was the consequence of the

collapse of household consumption

(20.4%), of

business investment in capital goods

(28.6 %) and exports (33.4%), while public administration spending grew by 0.3%.

Employment measured in hours worked fell by 21.7%, a decrease greater than the destruction of full-time equivalent jobs, which fell by 17.7%.

According to the criteria of The Trust Project

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