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The closure of the trade in Spain as a consequence of the measures of confinement and the restrictions to the activity during the state of alarm by the health crisis of the Covid-19 has diminished by 9.5 points to the Gross domestic Product (GDP) per week , the largest decline of all the countries that make up the Organization for Economic Cooperation and Development (OECD).
“Any other of the large OECD economies have suffered a setback as defendant of the trade”, have highlighted from the National Association of Large Distribution Companies (Anged), which involves companies such as El Corte Inglés, Carrefour or Ikea. The negative contribution of trade to GDP during this period multiply by six to the industry and twice that of the hospitality industry, according to data from the OECD.
The Spanish economy will be the most affected of all the countries that make up OECD, with a contraction of its GDP by 2020, which will reach up to 14.4%.
According to economic forecasts presented Wednesday by the agency that presides over the mexican Angel Gurría, are estimated contractions similar for all the major economies of the euro zone, while Spain will be the main affected among all the countries that make up the common currency.
The OECD has decided on this occasion to submit two scenarios . The first provides that there will not be a second resurgence of the Covid-19 in 2020, so that Spain’s GDP is expected to contract by 11.1% this year and will experience a rebound of 7.5% in 2021.