Spain economy - updates

Rappler's latest stories on Spain economy


Coronavirus leaves Spain's interior a tourist desert

Jul 12, 2020 - 10:25 PM

The plunge in tourism, a sector that accounts for 12% of Spain's economy, will be felt like a body blow

A lone tourist walks around The Mezquita in Cordoba on July 8, 2020 after restrictions were lifted following a national lockdown put in place to fight the coronavirus pandemic. - In Spain, the world's number two tourist destination behind France, spending by foreign tourists has plunged by 62 percent in the first five months of the year compared with the same period in 2019. (Photo by CRISTINA QUICLER / AFP)

Spain to create 10-billion-euro fund for firms in trouble

Jul 03, 2020 - 11:45 PM

Companies benefiting will be those seen as of strategic importance working in sectors such as security, health, infrastructure, and communications

FREE. People walk on a road turned into a pedestrian street on weekends in Barcelona on May 24, 2020 as the country slowly loosens a strict coronavirus lockdown. Photo by Josep Lago/AFP

Spain jobless figures down significantly as crisis eases

Jun 02, 2020 - 6:15 PM

The Spanish government counts 26,573 new jobseekers in May 2020, much lower than at the height of the coronavirus lockdown

People sit at a bar's terrace in Valencia, on May 19, 2020, as some Spanish provinces are allowed to ease lockdown restrictions amid the coronavirus (COVID-19) outbreak. Spain began last week a three-phase plan to end lockdowns for half the country by the end of June. JOSE JORDAN / AFP

Spain foreign tourist arrivals slump 64% in March 2020

May 06, 2020 - 6:20 PM

Although Spain is the world's top tourist destination after France, only two million tourists visit in March 2020

SPAIN OUTBREAK. A picture shows an apartment building in Salou near Tarragona on March 12, 2020. Photo by Josep Lago/AFP

Spain adds 280,000 jobless during April 2020 lockdown

May 05, 2020 - 6:00 PM

The total number of unemployed in Spain, the eurozone's 4th largest economy, reaches 3.8 million

People queue in a street in Burgos to enter a bank office, on May 4, 2020, during a national lockdown to prevent the spread of the COVID-19 disease. - Masks became mandatory on public transport today as Spain took its first tentative steps towards a commercial reopening with small businesses accepting customers by appointment and restaurants prepping food for takeaway. Spain's population of nearly 47 million people have been confined to their homes for more than 50 days as the country sought to curb the spread of the deadly virus which has so far claimed 25,428 lives. (Photo by Cesar MANSO / AFP)

Virus-hit Spain's jobless rate jumps to 14.4%

Apr 28, 2020 - 8:15 PM

The rise in joblessness in Spain for the 1st quarter of 2020 is concentrated in the services sector and among workers with temporary contracts

A homeless man lays on a window's ledge in Madrid on April 21, 2020 amid a national lockdown to fight the spread of the coronavirus, COVID-19 disease. - Spain saw a slight increase in the daily virus death toll today, with 430 people dying in the past 24 hours, health ministry data showed. So far, 21,282 people have succumbed to the pandemic in Spain, which has suffered the third-highest number of deaths in the world after the United States and Italy. (Photo by Gabriel BOUYS / AFP)

Spain economy seen to shrink by up to 13.6% in 2020

Apr 20, 2020 - 9:10 PM

The estimated contraction would be 'unprecedented in recent history,' warns the Bank of Spain

CLOSED. A banner reads 'Sorry we are closed' at the entrance of a hardware store in Madrid on March 31, 2020, during a national lockdown to prevent the spread of the novel coronavirus. Photo by Oscar del Pozo/AFP

Spain posts record rise in jobless claims in March 2020

Apr 02, 2020 - 8:15 PM

A total of 302,265 jobless claims are filed in Spain in March 2020, 'a historic figure' triggered by the coronavirus pandemic

Volunteers of the "Amigos de la Calle" nonprofit organization distribute food prepared by the World Central Kitchen to homeless people in Valencia on April 2, 2020 amid a national lockdown to stop the spread of the COVID-19 coronavirus. - The coronavirus death toll in Spain surged past 10,000 after a record 950 deaths in 24 hours, with the number of confirmed cases passing the 110,000 mark, the government said. (Photo by JOSE JORDAN / STR / AFP)

EU abandons budget fines against Spain, Portugal

Jul 28, 2016 - 2:45 PM

Sanctions even symbolic ones would not have been understood by the public explains EU economic affairs commissioner Pierre Moscovici

epa05443448 European Commissioner for Economic and Financial Affairs, Pierre Moscovici during a press conference in Brussels, Belgium, 27 July 2016. The European Commission today adopted a Rule of Law Recommendation on the situation in Poland, setting out the Commission's concerns and recommending how these can be addressed. EPA/LAURENT DUBRULE

Spain's public debt surpasses 100% in 20-year high

Jun 15, 2016 - 7:05 PM

The debt and public deficit are contentious issues as Spain s general elections draw near

epa04559779 (FILE) A file photo dated 08 December 2013 showing people passing Spanish department store El Corte Ingles in Calle Preciados, a popular shopping street in Madrid, Spain. The Spanish economy grew 1.4 per cent last year, Prime Minister Mariano Rajoy said on 14 January 2015, 0.1 per cent more than previous government figures. Spain returned to growth in 2014 for the first time in six years. The economy added 400,000 jobs last year, Rajoy said after meeting Greek Prime Minister Antonis Samaras in Athens. The government hopes the economy will grow more than 2 per cent this year. EPA/VICTOR LERENA

Panama, builders make rival offers to end canal spat

Jan 08, 2014 - 10:11 AM

The offers are aimed at ending a a 1 6 billion dispute that threatens to paralyze the expansion of the major waterway

HALTED? General view of the works being done to construct the new Panama canal locks, led by Spanish builder Sacyr, in Puerto Colon, Panama, near the Atlantic Ocean on March 19, 2013. File photo by AFP

Spain exits recession, job losses ease

Oct 23, 2013 - 7:24 PM

Spain escapes from its two year recession in the 3rd quarter of 2013 with timid growth as job destruction eased

BYE, RECESSION. Spain is no longer in a recession. AFP file photo shows a euro coin with a Spanish national flag in the background

Long-lunching, late-working Spain mulls changing times

Oct 20, 2013 - 1:00 PM

A 71 year old timezone anomaly could soon be changed – but is Spain ready to leave behind its siestas?

SIESTA TIME. A couple takes a nap in the Retiro Garden in Madrid, Spain, 10 June 2005. AFP/Pedro Armestre

Protests as Spain passes crisis cutbacks

Dec 21, 2012 - 8:55 AM

Spanish lawmakers pass 39 billion euros 52 billion worth of austerity measures prompting fresh protests by demonstrators angry at cuts to pay and public services

Spain formally requests banking aid

Jun 25, 2012 - 5:07 PM

Spain formally requested a rescue loan of up to 100 billion euros 125 billion from its eurozone partners in a letter released Monday June 25

Spain in recession (again)

Mar 27, 2012 - 5:55 PM

The Spanish economy contracted again in the first quarter of 2012 after shrinking 0 3 in the final quarter of 2011