Positive jobs news from Spanish economic minister

Photo of Teresa Ribera at the Cepsa plant in Tenerife. Credit: [email protected]

THINGS are looking up for the Spanish economy as ministers report job numbers improving and forecasts for a strong second half of the year.

Economy minister Nadia Calviño told parliament today that she anticipated the economy would rally and grow stronger in the aftermath of the corona virus crisis and there were signs of huge improvement already.

She said the recovery phase had started and job data was showing that one million people who were furloughed were all working again and 300,000 new people had registered for social security.

This is promising news after the Organisation for Economic Co-operation and Development (OECD) predicted last week that Spain would see a 11% fall in gross domestic product (GDP) in 2020 if the pandemic subsides this summer or 14% if there is a second spike.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Helen Barklam

Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

Comments


    Leave a comment

    Your email address will not be published.