Munich Personal RePEc Archive

Actividad económica en Galicia 2020. Una contracción histórica condicionada por la evolución del COVID

González Laxe, Fernando and Armesto Pina, José Francisco and Sanchez-Fernandez, Patricio (2021): Actividad económica en Galicia 2020. Una contracción histórica condicionada por la evolución del COVID. Forthcoming in: Informe de Conxuntura Socioeconómica de Galicia No. I/2021 (27 March 2021)

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Abstract

After the slowdown in the rate of GDP growth in 2019, the health crisis caused by COVID and the measures subsequently approved to contain its expansion led to a contraction of Galician economic activity of 8.9% - two points lower than the state measure (11%). Throughout the year, Galicia performed better than the Spanish economy, registering the most negative impact in the second quarter, with a year-on-year drop of 18%. After the rebound experienced in the third quarter, the last months of the year were marked by new outbreaks and new restrictive measures that contributed to a 7.6% year-on-year drop in GDP.

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