The Spanish economy fell 5.2% in the first quarter of 2020 compared to the previous one, as a result of the covid-19, which means an unprecedented drop since these statistical series started being made, half a century ago.
The Spanish National Institute of Statistics (INE) confirmed today that this decline was the result of a drop in household consumption (6.6%), business investment (8%) and housing (5.9%), as well as the collapse of exports (8.2%) and imports (6.6%).
The impact of COVID-19 on employment is greater in hours worked, which fell by 5% compared to the previous quarter, than in equivalent full-time jobs, which fell by 1.9%.
On the other hand, the annual growth (in relation to the same quarter of the previous year) of GDP was -4.1%, which contrasts with the 1.8% increase seen in the previous quarter.
These figures coincide with the rates advanced by the Spanish Statistics Portugal on April 30.
The pandemic of Covid-19 it has already caused more than 502 thousand deaths and infected more than 10.20 million people in 196 countries and territories, according to a balance made by the French agency AFP.
The United States is the country with the most deaths (125,928) and the most confirmed cases of infection (more than 2.56 million).
This is followed by Brazil (58,314 deaths, more than 1.36 million cases), the United Kingdom (43,575 deaths, almost 312 thousand cases), Italy (34,744 deaths and more than 240 thousand cases), France (29,813 deaths, more than 200 thousand cases) and Spain (28,346 dead, almost 249 thousand cases).