The conflict in Ukraine and the Spanish economy
Fecha: marzo 2022
Raymond Torres, María Jesús Fernández
Spanish Economy
SEFO, Spanish and International Economic & Financial Outlook, V. 11 N.º 2 (March 2022)
The invasion of Ukraine is adding upward pressure to energy markets, which were already the main obstacle to Spain’s recovery before the conflict. The precise effects of the crisis will depend on its scale and duration, but already the projections are for markedly higher inflation, significant cuts in consumer purchasing power and lower economic growt.