Spanish economy shrank 17.8% in the second quarter due to coronavirus crisis
The Spanish economy entered a technical recession in the second quarter of 2020 after recording a 17.8% fall in gross domestic product (GDP) between April and June. This is the largest quarterly drop since 1970, when the National Statistics Institute (INE) began the historical series. Nothing similar can be found on record since the days of the Spanish Civil War (1936-1939).The decline, however, was slightly under what the INE had forecast in late July when, lacking complete data, it [...]