Economics

Spain in Line for EU Recovery Fund Windfall to Underpin Revival

Madrid could get an additional 7 billion euros for investment
Belgian share may shrink by 1 billion euros on firmer rebound

Shoppers walk along the Gran Via in Madrid, Spain.
Photographer: Paul Hanna/Bloomberg

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By Jorge Valero and Lyubov Pronina

January 21, 2022 at 10:43 AM UTC

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Spain’s slice of the European Union’s 800 billion-euro ($907 billion) pandemic recovery fund is set to increase by around 10%, providing an extra boost to growth thanks to funding adjustments based on economic performance.