Resilience of Spanish households to the economic fallout from COVID-19
Fecha: 2020
Joaquín Maudos
Household resilence, COVID-19
SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 5 (septiembre 2020)
Although overall household indebtedness has fallen below the eurozone average in Spain, certain subsegments of Spain’s population remain financially vulnerable. With the Bank of Spain forecasting a rise in the unemployment rate to 22.1% in 2021 under its worst-case scenario, vulnerable groups such as those with lower levels of education, households headed by a single parent, and youth will require targeted measures to protect them from the adverse consequences of COVID-19.