Spain’s economy and financial sector in the face of COVID-19: Assessing the impact and perspectives

Letter from the Editors

Spanish economy

Spain’s macro outlook:
Rising COVID-19 cases dampen economic forecasts

In the context of controlled growth in COVID-19 cases and sluggish performance in key sectors, such as tourism, a downward revision of Spain’s forecasts ...

Real estate

The impact of the
pandemic on Spain’s housing market

Although home purchases and prices have fallen as a result of COVID-19, it is unlikely that the market will experience a collapse. However, the recovery may be ...

Export performance

Two episodes of collapse in Spanish exports: The health crisis vs. the financial crisis

Similar to the effects observed during the financial crisis, COVID-19 has significantly disrupted global export markets, with Spain’s total exports and ...

Financial sector

The financial sector and economy
in light of COVID-19: Situation and outlook for the autumn

The lax monetary environment, coupled with government initiatives, has enabled Spain’s banks to play a crucial role in tempering the effects of COVID-19. ...

Stress tests

Redesigning the European stress tests:
Considerations from COVID-19 and the US experience

The EBA’s postponement of the 2020 stress tests due to COVID-19 comes at a time of growing debate about the effectiveness of their methodology. Unlike ...

Household Resilience

Resilience of Spanish households to the economic fallout from COVID-19

Although overall household indebtedness has fallen below the eurozone average in Spain, certain subsegments of Spain’s population remain financially ...

Public finances

Impact of COVID-19 on Spain’s
deficit and debt: Greater than initially expected

COVID-19 has resulted in a series of downward revisions of Spain’s economic forecasts, with current projections indicating a sharp rise in both the ...

Financial Tax

Regulating the financial industry through taxation: Consequences
of the financial transaction tax

Advocates of a financial transaction tax (FTT) believe it could help curtail excessive risk and market volatility, despite the potential adverse consequences ...

Regulation and Economic Outlook
Recent key developments in the area of Spanish financial regulation
Prepared by the Regulation and Research Department of the Spanish Confederation of Savings Banks (CECA)
Spanish economic
forecasts panel: September 2020
Funcas Economic Trends and Statistics Department
Key Facts
Economic Indicators
Financial Systems Indicators
Social Indicators