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SPAIN FACES THE WORST ECONOMIC SITUATION IN 120 YEARS

The past year was not easy for Spain: the country reported the largest public debt in a century. Its size exceeded 1.3 trillion euros and amounted to more than 117% of the kingdom's GDP. At the very beginning of the pandemic, many economists sounded the alarm, stating the 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 ...

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