The Bank of Spain say’s the country’s tourism-dependent economy needs profound structural reforms
The Bank of Spain say’s the country's tourism-dependent economy needs profound structural reforms to avoid “chronic” levels of public debt that could hinder long-term growth. One of the nations most affected by coronavirus, Spain is heading for its worst economic performance on record this year, with a contraction of 9%-11.6%, according to the central bank's forecasts. In its annual report the central bank said “In a hypothetical scenario where no […]
