Spanish economy 2021, a poisoned inheritance

2020 is ending, a year marked by the beginning of the coronavirus pandemic and its consequences at the socioeconomic level. And its echoes, surely, will be felt not only next year but also in the years to come. Public finances Measures to counteract the impact of the virus have led to a deterioration in public finances. The year 2020 ends with a public debt of around 1.3 trillion euros. It is approximately 114% of Spanish GDP, which in the third quarter of the year was 287,363 million euros and, according to the forecasts of the Bank of Spain, will be around a fall of 11.6% this year. Meanwhile, the deficit of all administrations, except local corporations, reached … See more .

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