The potential impact of a COVID-19 vaccine on the Spanish economy
Fecha: noviembre 2020
Raymond Torres and María Jesús Fernández
Vaccine impact, Spain’s economy, COVID-19
SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 6 (november 2020)
Prevailing trends in Spain’s economy include the divergence in performance between the manufacturing and services sectors, as well as the rise in precautionary savings among households. A vaccine would tackle both recessionary factors and help GDP return to pre-crisis levels by early 2023, one year earlier than in a no-vaccine scenario.