2020 has been the blackest year we have suffered in Spain since the Civil War.
The pandemic has turned life upside down and, as an essential part of it, the economy.
The impact of the virus has been worldwide.
But few economic fabrics have been as damaged as that of our country.
Their structural handicaps
, parked for years in a political arena in which governance has been cornered to the detriment of the brawl,
have greatly influenced their structural handicaps
.
But above all, our weakness is closely related
nothing with
the shaky and deficient management that the central Executive has carried out these months
, whose sectarianism, delay and contradictions in many fields - one of the most affected has been tourism - have caused confidence gaps in the public in general and in investors and companies in particular, and generated, due to the multitude of False steps taken, a totally detrimental legal insecurity. The consequences, which millions of Spaniards have already suffered in their businesses and in their jobs, are observed at all levels.
Just yesterday, at the annual closing of the Ibex 35.
The Spanish index has dismissed 2020 with a drop of 15.45%
.
It is a fall that supposes a very pronounced blow whose dimensions are better understood if we compare it with the rest of the important squares.
In fact, the Ibex is the red lantern of all Europe
.
On the parquet floor, it is no coincidence that those who have suffered the most have been the financial institutions and the securities most linked to the tourism sector.
Banks have not been immune to the adjustments forced by the covid and have faced a year marked again by interest rates, by an acceleration of their digitization process and delinquencies, and have found in the convergences between brands a necessary exit for your maze.
Tourism, for its part, has not found an optimal solution
.
The intrinsic drawbacks of the coronavirus, together with the regulatory fluctuations of the Government, have marked drops in volume that have touched 100% compared to the previous year and its effects have been, and still will be, very hard in an economy as open as ours, so dependent on leisure and services. The approval of vaccines has given a little oxygen to the different economies, but Spain is still in the queue.
No one in the OECD will fall further this year.
The national situation is dire and the forecasts, no matter how much the Government tries to sweeten them, are not at all promising
.
2021, if it passes without shocks of similar dimensions to those of 2020, will leave the recession behind and we can begin to talk about recovery.
But this will be very gradual.
The different organizations - private or public, domestic or international - agree that
it will still take us to see our economy at pre-pandemic levels again
.
At the very least, and being very optimistic, this will not happen until the end of 2022. The recovery, then, is far off.
To bring it closer, a self-critical and focused government that is aware that economy and life go hand in hand is inescapable.
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