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Actividad económica en Galicia 2020. Una contracción histórica condicionada por la evolución del COVID
[Economic activity in Galicia 2020. Historical contraction conditioned by the COVID evolution]

Author

Listed:
  • González Laxe, Fernando
  • Armesto Pina, José Francisco
  • Sanchez-Fernandez, Patricio

Abstract

After the slowdown in the rate of GDP growth in 2019, the health crisis caused by COVID and the measures subsequently approved to contain its expansion led to a contraction of Galician economic activity of 8.9% - two points lower than the state measure (11%). Throughout the year, Galicia performed better than the Spanish economy, registering the most negative impact in the second quarter, with a year-on-year drop of 18%. After the rebound experienced in the third quarter, the last months of the year were marked by new outbreaks and new restrictive measures that contributed to a 7.6% year-on-year drop in GDP.

Suggested Citation

  • González Laxe, Fernando & Armesto Pina, José Francisco & Sanchez-Fernandez, Patricio, 2021. "Actividad económica en Galicia 2020. Una contracción histórica condicionada por la evolución del COVID [Economic activity in Galicia 2020. Historical contraction conditioned by the COVID evolution]," MPRA Paper 106832, University Library of Munich, Germany, revised 27 Mar 2021.
    • Handle: RePEc:pra:mprapa:106832
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    File URL: https://mpra.ub.uni-muenchen.de/106832/1/MPRA_paper_106832.pdf
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    More about this item

    Keywords

    Economy; Galicia; GDP; COVID;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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