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COVID-19 is having a huge impact on economic activity in Spain and, in particular, on the tourism industry. At CaixaBank Research we expect GDP to fall by between 13% and 15% in 2020, not returning to its pre-crisis levels until 2023. The outlook in 2020 is even grimmer for Spain's tourism industry as it is one of the sectors hardest hit by the pandemic.
El nostre director d’Estudis va presentar a la Societat Catalana d’Economia els principals resultats de l’estudi de l’impacte de la COVID-19 en la desigualtat, que estem duent a terme en col·laboració amb ICREA-UPF i que pots seguir a realtimeeconomics.caixabankresearch.com
In the first issue of 2025, we stop to take a snapshot of foreign demand for housing, international business tourism and the savings of Spanish households according to their demographic and income profile. We continue to analyse the European economy’s exposure to US tariff hikes, this time from the perspective of value chains, and we also assess the challenges for European fiscal policy following the entry into force of the new economic governance framework.