By Helen Barklam • 17 June 2020 • 15:09
Photo of Teresa Ribera at the Cepsa plant in Tenerife.
Credit: [email protected]
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.
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