Torres, Raymond

The IMF is bringing a more positive perspective for 2020 for most advanced economies. Global output would fall by 4.4% compared to 5.2% as anticipated during the summer. Interestingly, the IMF is not broadly embracing austerity as the right answer, as it did 10 years ago. The shock for the eurozone in 2020 is now expected to be 1,9% milder, but the perspective for Spain is not getting any better (the IMF expects a decline of 12,8% GDP.) We hope you enjoy the video.

Pazos Vidal has given us an assessment of what we know so far about Spain's recovery plan. Don't miss the video-interview where he covers the challenge of successfully absorbing EU funds, involving coordination between regional and central governments and reforming the public administration.