COVID-19

Challenges for Spain’s auto industry: Mobility model uncertainty and collapse in exports

The Spanish automotive sector is a key part of the country’s industrial sector, accounting for 9% of GDP and nearly 8% of employment.

COVID-19 unleashed a massive shock on Spain’s industrial sector before it had achieved the production levels of 2008, prior to the Great Recession.

COVID-19 issued a substantial blow to banks’ share prices across the globe but especially in Europe.

The COVID-19 pandemic has disrupted Spain’s credit markets and payments methods.