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About: http://data.cimple.eu/news-article/c14cedc38b4e95ce000b9e4f8f9fea878e4ccee9cf99593bb2c6dc71 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Spain on Friday said that its gross domestic product (GDP) was projected to fall by 9.2 percent in 2020 as a result of the coronavirus pandemic, while the unemployment rate would reach 19 percent. The GDP outlook was included in a new estimate filed with the European Commission, Finance Minister Nadia Calvino told a news conference. This compares to two percent growth recorded last year. Unemployment would jump to 19 percent from 13.8 percent at the end of 2019, Calvino said. As fiscal income shrinks and Spain boosts spending to help the economy get through the crisis, the budget deficit will increase to 10.34 percent of GDP this year, Budget Minister Maria Jesus Montero said. The deficit, which had been 2.8 percent of GDP in 2019, was on target this year to become "the biggest deficit since 2012", she said. Eurozone rules require members to keep annual deficits to below three percent of GDP. On Thursday, Spain reported a contraction of 5.2 percent in growth in the first quarter as the coronavirus lockdown paralysed businesses. Spain -- the eurozone's fourth largest economy -- had been one of Europe's top economic performers since emerging from a five-year slump in 2013. emi/jh/lc
schema:headline	Spain sees GDP growth down 9.2 percent in 2020
schema:mentions	Jesús Montero Nadia district Eurozone European Commission Deficit spending Finance minister Spain Gross domestic product Lockdown European Union Pandemic EMI Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	51 (xsd:integer)

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