Spain | Economic Perspectives Aragon 2020

Summary

Aragon´s GDP may fall 10.1% in 2020 and recover by 6.1% in 2021. This may imply the loss of 4,000 jobs between the end of 2021 and the end of 2019. The risks are to the downside. The biggest one is the control of the pandemic.

Key points

• Key points:
• Aragon´s GDP may fall 10.1% yn 2020 and recover by 6.1% in 2021. This may imply
• The lower proportion of social consumpltion makes the household´s expense not to be as affected as in Spain
• Heterogeneous impact across urban areas, personal characteristics and sectors
• Broad consensus is needed to put in place much needed public policies

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