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null How Might the Probable Vaccination and Immunity Schedules Affect the Spanish Economy?

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How Might the Probable Vaccination and Immunity Schedules Affect the Spanish Economy?
27 Nov 2020
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Clock 15 mins.
CATEGORIES: AER Premium Spain Macro Spain
ANALYSTS:
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Ignacio de la Torre
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Leopoldo Torralba
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Pedro Larrasquitu
After having anticipated in May, against mainstream economic consensus, that Spanish GDP would fall by more than 10% in 2020, we also deviated from widespread opinions and pointed out that in 2021 already in July that the recovery of the economy could bring positive surprises. We based our analysis on our close monitoring of the medical situation, on what was happening in comparable countries, and on what happened to the economy during the lifting of lockdowns to draw useful conclusions for the future.
dot What are our estimations on the dates when collective immunity could be reached?
dot If the planned immunity scenario is implemented, what impact this could have on the Spanish economy throughout 2021?
dot How could the summer season evolve and what could the effect on tourism be?

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