The Pandemic-Related Economic Crisis in Spain
The Pandemic-Related Economic Crisis in Spain

Author(s): Maciej Pawłowski
Subject(s): Politics, Economic policy, International relations/trade, Health and medicine and law
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: Spain; economy; crisis; pandemic; COVID-19;
Summary/Abstract: The forecasts by the European Commission (EC) and the International Monetary Fund (IMF) indicate a deepening of the economic crisis in Spain. The Pedro Sánchez government’s actions stopped an increase in unemployment and protect the poor, but the liquidity of companies remains under threat. In response, the government has introduced aid programmes for strategic industries and seeks political consensus on a recovery plan for the country. The rising costs of fighting the crisis are to be financed by increased taxes and EU aid.

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