The governor of the Bank of Spain, Pablo Hernández de Cos, warned on Tuesday about the consequences that the regrowns could have on the economy and has encouraged structural reforms to reduce the impact on businesses and households. “It is also clear that the degree of persistence of this disturbance, which in principle should be […]
Tag: Crisis
Wartime restorers for closing bars and restaurants in Catalonia to stop the coronavirus
“A death sentence for the restoration and for Barcelona”. This is how the sector rates the Generalitat’s measures to close bars and restaurants for 15 days and thus curb the increased risk of coronavirus. They consider that it is a “disproportionate and unfair proposal, in line with those that the Government has taken for weeks […]
Georgieva (IMF) asks China to provide payment facilities to indebted countries
If there is a country that is competing with him IMF, the World Bank and other multilateral organizations in lending to developing economies is China. The latest example came this week when the prime minister of Sri Lanka, the nationalist Gotabaya Rajapaksa announced that he would ask China, and not the IMF, for a […]
The coronavirus will have an impact on the world economy 44 times greater than that of the 2008 crisis
This year alone, the coronavirus will have an impact on the world economy 44 times greater than the financial crisis of 2008-2009. This has been explained by the chief economist of the International Monetary Fund (IMF), Gina Gopinath, at the press conference to present the report of World Economic Outlook, recalling that “the magnitude […]