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    Published on Monday, May 18, 2020

    Spain | COVID-19: Stress Testing Household Finances

    Summary

    The essential lockdown measures and cessation of economic activity imposed by governments to controlCOVID-19 will have a negative impact on the economy as a whole and, in particular, on households.

    Key points

    • Key points:
    • Considering this scenario, it is worth asking in what financial conditions Spanish households are facing this crisis.
    • In Spain, around 33% of households find themselves in a highly vulnerable financial situation, that is, with the capacity to hold out for less than 3 months if they lose their main source of income.
    • 24% of households are facing the crisis in a financially vulnerable situation (holding out for 3-9 months).
    • While 43% do so with greater financial security (more than 9 months), being able to hold out until 2021.

    Geographies

    Authors

    Alfonso Arellano
    Noelia Cámara BBVA Research - Principal Economist

    Documents and files


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    Press article (PDF)

    Alfonso_Arellano_Noelia_Camara_COVID_19_test_de_estres_para_las_finanzas_de_los_hogares_ElPais_WB.pdf

    Spanish - May 18, 2020

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