Categories: Breaking

Canary islands, Basque Country, Balearic islands and Madrid, the regions where the recession will be greater

Javier TahiriSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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The two main motors of the Spanish economy, the tourism and the automobile production , are in the target of branches most hit by the crisis of the coronavirus, so that the longer the confinement, the greater will be the impact on the countries and regions most dependent on these sectors. The Bank of Spain thinks so, and estimated that Canary islands, the Basque Country, the Balearic islands and Madrid will be the communities that will suffer a contraction more severe in the crisis of the coronavirus, according to the report, “Heterogeneity in the economic impact of the Covid-19 between regions and countries of the euro area” published yesterday.

The supervisor draws two scenarios, one of eight weeks of confinement (with a recession in Spain, 7% in

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