The Macroeconomic Impact of Coronavirus and Stabilization Policies in Spain

Summary

In this Economic Watch we present different growth scenarios for the Spanish economy in 2020 under diverse assumptions and hypotheses, and evaluate the potential effects of the economic policy measures recently adopted by the Spanish government to mitigate the economic consequences of COVID-19.

Key points

• Key points:
• The joint effect of economic policy measures is considerable.
• The fall of GDP is reduced by about 3.5 percentage points in the different scenarios considered.
• Economic policies must do everything possible to mitigate the potential permanent consequences of the crisis.

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