COVID-19

COVID-19 – Impacto económico y social

La expansión del coronavirus (COVID-19), y las medidas decretadas en todo el país para su contención, están teniendo un impacto inédito en la economía y la sociedad.

Funcas, en su labor de difusión y divulgación económica y social, ha creado este espacio de información en el que publica toda la documentación que produce relativa a esta situación extraordinaria.

Artículos, videoblogs, posts, publicaciones en prensa están a su disposición con el objetivo de ayudar a seguir el alcance y los efectos de la pandemia, no solo en España sino en el resto del mundo, y de participar en el debate sobre las medidas necesarias para paliar sus consecuencias.

Destacados


Artículo

Spain’s household and corporate accounts: Two years after the pandemic

Although the recovery in Spanish GDP was somewhat less intense than initially expected
in 2021, the recovery in employment was noteworthy and stronger than anticipated. Against
that backdrop, two years after the onset of the pandemic, the financial health of Spain’s
households remains solid, whereas that of the corporate sector has somewhat deteriorated.

Artículo

Strong recovery in 2021 tax revenue: Contrasting with the previous crisis

The contraction in 2020 tax receipts as a result of the pandemic and the associated mobility and
business restrictions was mitigated by the government´s crisis response measures. In contrast
to the wake of the previous crisis of 2008, in the space of just one year, 2021 tax revenue
increased 15.1%, topping pre-pandemic levels- a trend that, under current assumptions, is
expected to continue into 2022, albeit at a slower pace.

Artículo

Financial digitalisation in Spain in the wake of the pandemic: Assessing the impact

The pandemic has accelerated the push towards digitalisation in Spain on multiple fronts. This
trend has been particularly significant within the financial arena, with Spaniards increasing
reliance on online banking and payments methods, as well as their interest in crypto-assets, while at the same time taking into account the growing importance of related security measures.

Artículo

State guarantees and latent non-performance

Spain´s public guarantee scheme has served to ease the effects of the pandemic and now
of the war on the country´s business segment, thus containing the materialisation of nonperforming
loans. Going forward, while a potential increase in the incidence of business
non-performance is expected in the near-term, the increase in NPL coverage should be
mitigated by the strong provisioning efforts of the banks, together with their limited exposure
thanks to the state guarantee scheme.

Funcas

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