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Informes del Grupo de Trabajo Mixto Covid-19. The economic consequences of Covid in Spain and how to deal with them

Author

Listed:
  • Angel de la Fuente
  • Anna Balletbó
  • José Luis Bonet
  • José E. Boscá
  • Santiago Carbó
  • José Ignacio Conde-Ruiz
  • Ginés de Rus
  • Juan del Alcázar
  • José Ramón Díez
  • Rafael Doménech
  • Florentino Felgueroso
  • Enric Fernández
  • María Fernández
  • Javier Ferri
  • José Ignacio García Pérez
  • Marcel Jansen
  • Juan Francisco Jimeno
  • Alejandra Kindelán
  • Julio López Laborda
  • José María Marín Vigueras
  • Clara Eugenia Núñez
  • Jorge Onrubia
  • Luis Puch
  • Juan Pablo Riesgo
  • Diego Rodríguez
  • Sofía Rodríguez
  • Javier Santillán
  • Jorge Sicilia
  • Eva Valle
  • Javier Vega de Seoane
  • Xavier Vives

Abstract

This paper focuses on the economic consequences of the Covid pandemic in Spain and on what should be done to mitigate them. After briefly describing the channels through which the virus affects economic activity, we provide some data on the evolution of output and employment during the pandemic and on its incidence on public finances. In the final part of the paper we discuss the main measures that have been taken to mitigate the economic consequences of the health crisis and conclude with some reflections on what else should be done. We emphasize the need to build a broad social and political consensus on the key elements of economic policy over the next few years and outline a strategy to deal with the crisis that combines short and long-term measures to speed up the recovery and set the foundations for future growth.

Suggested Citation

  • Angel de la Fuente & Anna Balletbó & José Luis Bonet & José E. Boscá & Santiago Carbó & José Ignacio Conde-Ruiz & Ginés de Rus & Juan del Alcázar & José Ramón Díez & Rafael Doménech & Florentino Felgu, 2020. "Informes del Grupo de Trabajo Mixto Covid-19. The economic consequences of Covid in Spain and how to deal with them," Policy Papers 2020-22, FEDEA.
    • Handle: RePEc:fda:fdapop:2020-22
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    References listed on IDEAS

    as
    1. Ángel de la Fuente, 2020. "Evolución por sectores de la afiliación, el empleo y ciertas prestaciones durante la crisis del Covid," Fedea Economy Notes 2020-11, FEDEA.
    2. Olivier Blanchard & Thomas Philippon & Jean Pisani-Ferry, 2020. "A new policy toolkit is needed as countries exit COVID-19 lockdowns," Policy Contributions 37232, Bruegel.
    3. Angel De la Fuente, 2020. "España | Impacto de la COVID-19 sobre el PIB de las CCAA en 2020: una primera aproximación [Spain | Impact of COVID-19 on the GDP of the Spanish regions in 2020: an initial estimate]," Working Papers 20/14, BBVA Bank, Economic Research Department.
    4. Angel de la Fuente, 2020. "El impacto de la crisisdel Covid sobre el PIB de las CCAA en 2020:una primera aproximación," Fedea Economy Notes 2020-14, FEDEA.
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