Spain to go into a recession about three times as bad as 2009
Spain’s economy may shrink less than feared this year, but the recession will nevertheless be about three times as bad as the record contraction of 2009 at the height of the global financial crisis. Spain's central bank said the economy could contract by 9% to 11.6% in 2020 as the fallout from the coronavirus pandemic hits the tourism-dependent country more than others in Europe. Spain’s economy shrank by 3.7% in […]