9/21, 2:35 PM (Source: TeleTrader)
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Spanish economy to return to pre-crisis level this year

Spain's Economy Minister Nadia Calvino estimated on Tuesday that the country's economy will return to pre-pandemic levels by the end of 2021. Calvino reiterated a forecast of 6.5% GDP growth this year and 7% in 2022 while speaking at a government press briefing.

Main contributors to the Spanish recovery path were relaxation of coronavirus-related restrictions, a partial recovery of the tourism industry as well as a significant number of foreign visitors this year, Calvino concluded.

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