Castile and Leon's GDP could fall by 10.6% in 2020 and grow by 6.0% in 2021. 27,500 jobs could be destroyed. The impact of the crisis was heterogeneous in the first half of the year, as is the recovery. Public policies make it possible to reduce job destruction. But the risks are still present
The GDP of Catalonia could fall 12% in 2020 and grow 7.4% in 2021, which would lead to the destruction of 110,000 jobs. The impact of COVID-19 was significant and heterogeneous, as is the recovery. Public policies reduce the destruction of employment. But the risks remain on the downside.
The Spanish economy could contract by 11.5% in 2020 and grow by 7% in 2021. The drop in activity could exceed 20% in 1H20. However, the easing of restrictions has allowed the recovery to begin. GDP could increase by 10% quarter on quarter in 3Q20.