Spain has been hit harder than most European countries because of high infection rates and an already damaged economy
Spanish retail savings and investment to increase in 2020. Source: pixabay.com
According to GlobalData, retail savings and investment markets in Spain are anticipated to grow in 2020, despite the pandemic. Nevertheless, this growth is mainly attributed to increases in retail deposits.
The total size of the market is anticipated to increase by 1.4% in 2020, compared to 2.5% before the pandemic. Although, retail equity growth was revised down from 0.1% to -22.6% since consumers choose the safest possible options.
We’ve reported that the coronavirus pandemic could cost the global economy more than $8.8 trillion.
SEE ALSO:
- Pandemic impact on global economies: analysis & forecast
- 2020: A new world crisis, or just a coincidence?
- How governments worldwide support people amid COVID-19
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