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null How does the Q2’20 GDP Figure Affect our Forecasts?

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How does the Q2’20 GDP Figure Affect our Forecasts?
31 Jul 2020
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CATEGORIES: AER Premium Spain Macro Spain
ANALYSTS:
dot
Leopoldo Torralba
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Ignacio de la Torre
The GDP figure for the second quarter of 2020 has been published today. It was a much-awaited release given the strong uncertainty about the impact of two radically different stages of the coronavirus pandemic: the massive lockdowns, and their subsequent lifting. The intensity of the drop in economic activity in Spain is unprecedented and we stress the importance of a strong analysis of the data.
dot What of the latest GDP trends may be extrapolated into the future?
dot What do we think will be the new scenario for Spanish GDP growth?

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