Bank of Spain: Economy to contract -12.4% this year in worst case scenario

<p>In a latest report by Bank of Spain, it’s estimated that the country’s GDP could contract from -6.8% to -12.4% this year due to coronavirus pandemic. But vigorous rebound is expected in 2021. Unemployment could also surge to 18.3% to 21.7%. In the best scenario, lockdown that started in mid-March would only last eight weeks. […]</p>
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