IMF predicts Spain’s economy will shrink by an unprecedented 12.8% this year
As the International Monetary Fund (IMF) published grim expectations for Spain’s economy this year, the country registered an uptick in new COVID-19 infections again on Wednesday.
The Ministry of Health confirmed 334 new COVID-19 infections, up nearly 100 from Tuesday. Two more deaths were also reported, which raised the total number of confirmed fatalities to 28,327.
Besides having one of the highest mortality and infection rates per capita in the world from the infectious disease, the IMF now predicts Spain is set to take one of the world’s biggest financial hits from the coronavirus.
Belgium is worse off than Spain in terms of deaths per population, yet their economy is faring better. Funny how that works.
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