Actividad económica en Galicia 2020. Una contracción histórica condicionada por la evolución del COVID

Economic activity in Galicia 2020. Historical contraction conditioned by the COVID evolution

Fernando González Laxe, José Francisco Armesto Pina and Patricio Sanchez-Fernandez

MPRA Paper from University Library of Munich, Germany

Abstract: After the slowdown in the rate of GDP growth in 2019, the health crisis caused by COVID and the measures subsequently approved to contain its expansion led to a contraction of Galician economic activity of 8.9% - two points lower than the state measure (11%). Throughout the year, Galicia performed better than the Spanish economy, registering the most negative impact in the second quarter, with a year-on-year drop of 18%. After the rebound experienced in the third quarter, the last months of the year were marked by new outbreaks and new restrictive measures that contributed to a 7.6% year-on-year drop in GDP.

Keywords: Economy; Galicia; GDP; COVID (search for similar items in EconPapers)
JEL-codes: E01 E02 H12 (search for similar items in EconPapers)
Date: 2021-03-01, Revised 2021-03-27
New Economics Papers: this item is included in nep-mac
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