The Balearic Islands has the worst economic outlook in Spain this year. Gross Domestic Product, plummeted by 26.4 percent during lockdown, and 30.1% in June, year-on-year, according to the latest data from the Independent Authority for Fiscal Responsibility, AIReF.
Economy
Economic outlook bleak
Also in News
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
3 comments
To be able to write a comment, you have to be registered and logged in
Could you please send me a link to the source of this report?Best, BL
People here can minus my comments all they like, but the truth is out there. Read the article in El Pais in english, about why Spain is so badly affected. It is very interesting and explains the reasons behind why Spain has been failing to get a grip on many fronts, eventhough Spain has a highly rated health system.https://english.elpais.com/society/2020-08-07/medical-experts-call-for-independent-review-of-spains-coronavirus-response.html
Let's all thank our wonderful governments, both local and national for handling this corona crisis so well and totally NOT taken the people of Spain and their livelyhoods into account. Thank you for this economic melt down. But at least the hospitals were not overwhelmed. So mission accomplished.