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SPAIN FACES THE WORST ECONOMIC SITUATION IN 120 YEARS

... possible large-scale negative consequences. Throughout the year, the states, balancing between the health of their citizens and the need to maintain the economy, demonstrated different models for solving one common problem. In Spain, in particular, the pandemic hit hard on the economy – through the increased social spending and accumulated debts. In 2020 alone, the kingdom's national debt rose by 20 % and reached the level of 1902. Then the country lost its last colonies and experienced a political crisis. The unconditional reason for the deterioration of the economic situation in Spain is the sharp decrease in tourist activity: ...

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