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null Spain’s Q3’20 GDP: A Useful Word of Warning

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Spain’s Q3’20 GDP: A Useful Word of Warning
30 Oct 2020
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Clock 20 mins.
CATEGORIES: AER Premium Spain Macro Spain
ANALYSTS:
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Leopoldo Torralba
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Ignacio de la Torre
Although the Spanish GDP reading for the third quarter released last week may seem almost irrelevant a few months later, now that the coronavirus pandemic marches on and mobility restrictions are being reinstated locally and across the globe, we believe it does provide very useful teachings for the future. It is not easy to keep the widespread negativism and confusion from hindering one’s ability to analyse and draw conclusions about this situation.
dot What conclusions can we draw from Spain’s third quarter GDP figure?
dot What are the lessons to learn about other interesting factors such as productivity and the theoretical impact of remote work?

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