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Spain suffers the biggest fall of disposable income of the OECD countries in the first quarter

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Spain was among the 21 members of the OECD, is the country in which most fell to the income available per person in the first trimester , in contrast with a trend slightly positive in the set. In particular, in the Spanish case, the collapse of per capita GDP has been 5.6% , and although that was in part attenuated, the disposable income per capita decreased by close to 3.3%.

In particular, the Organization for Economic Cooperation and Development (OECD) has stated this Thursday in a press release that in those three months, the gross domestic product (GDP) per capita real habajado a 2% average in their countries over the last quarter of 2019.

But the available income by inhabitant -an indicator for which are deducted taxes and contributions and add up the different social aid – have grown on 0,1%. This is explained by the policies that many Governments put on their feet to compensate for the drop in the activity before the first effects of the epidemic of the coronavirus.

To the seven large OECD economies (Usa, Japan, Germany, Uk, France, Italy and Canada), per capita GDP has declined globally by 2.1%, while disposable income has risen by 0,1%.

In the group united States has been the only one in which the advanced entry is available, a 0.7 %, which reflects, in part, an impact more limited in that quarter of the health crisis there, with containment measures and more limited. Compared to that, have been registered drops of up to 1.8% in Italy and 1.2% in Germany. More moderate were the setbacks of the United Kingdom (0.7 per cent), France (0.3 %) and Canada (0.2 per cent).

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