WORLD Spain GDP to contract 9.2% in 2020 over virus

WORLD

Spain GDP to contract 9.2% in 2020 over virus

AFP

17:06, May 01, 2020

Spain's Gross Domestic Product (GDP) will contract 9.2 percent in 2020 and unemployment will soar to 19 percent because of the economic crisis unleashed by the coronavirus pandemic, the government warned on Friday.

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An employee wearing protective gear leaves after conducting a disinfection of an Air Europa's aircraft at Son Sant Joan's Airport in Palma de Mallorca on April 30, 2020, as the country prepares to ease its tough lockdown measure. (Photo: AFP)

In its forecasts to the European Commission, the government sees GDP moving from two percent growth in 2019 to a 9.2 percent drop this year, while unemployment would jump to 19 percent from 13.8 percent at the end of 2019, Economy Minister Nadia Calvino told a press conference.

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