Insurance company Mapfre has estimated that the Spanish economy will contract by up to 10.7%
Insurance company Mapfre has estimated that the Spanish economy will contract by up to 10.7% this year due to the coronavirus crisis. This would lead to unemployment rates of between 18 and 23.5%, according to Mapfre’s calculations. Meanwhile the president of the Spanish Trade Confederation (CEC), Pedro Campo, has warned that between 20 and 30% of small businesses will close by summer if they do not receive aid from the […]