Economic Forecasts for Spain European Commission (Infographic)

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The economy will be conditioned by the pandemic in 2021 and 2022

Conditioning factors for recovery:

1. evolution of the pandemic and efficiency/efficacy of the vaccines;
2. easing of restrictions on activity and economic agents’ reaction;
3. duration of the support policies and the impact of the European funds;
4. recovery of the tourism sector;
5. spending and household saving behavior;

The labour market situation and public accounts will improve progressively