Spain economy

  • Spain dives into deep recession, tourism woes bode ill for rebound
    MADRID, July 31 (Reuters): The coronavirus crisis has pulverised Spain's economy, triggering its worst recession since the civil war, with collapsed tourism numbers boding ill for hopes of a swift rebound. Hit by one of Europe's worst outbreaks and strictest lockdowns, the economy came to a virtual halt in March and remained paralysed until the end of June. It shrank 18.5% in the second quarter, a drop so harsh it wiped out all the recovery achieved since the 2008 gl