Economics
Bank of Spain Sees Economy Shrinking as Much as 15% in 2020
- Spain could be among the hardest-hit economies in euro area
- Falling prices are a worry for the central bank amid slump
A retail assistant wearing a protective face mask and latex gloves pushes a hanger of clothing outside a Bershka store, in Barcelona, on June 6.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
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Spain’s economy could shrink this year by as much as 15% in a worst-case scenario, according to the country’s central bank, a contraction that would be among the steepest in the euro area.