The International Monetary Fund (IMF) report on economic projections, and detailed the data on the Spanish economy, has made inaccuracies diario.es. For the Spanish State, it forecasts a drop in GDP of 8% in 2020 and a growth of 4.3% in 2021, provided that the pandemic vanishes in the second half of 2020 and containment efforts gradually fade. The organization has announced that the unemployment rate in the Spanish state will rise to 20.8% of the population in 2020 and fall to 17.5% in 2021; consumer prices will fall by 0.3% in this year and inflation will rise by 0.7% in the next.

Among the eurozone countries, the Spanish State is the third Spanish economy to fall its GDP in 2020, only surpassed by Italy (-9.1%) and Greece (-10.0%). The International Monetary Fund estimates that developed economies will fall by 6.1% in growth this year, including the United States (-5.9%), Japan (-5.2%), Canada (-6.2%), the United Kingdom (-6.5%), Ireland (-6.8%), Belgium (-6.9%), Germany (-7.0%), Portugal (-7.0%). Data from the French State are better than those from Spain: this year the gross domestic product -7.2% and in 2021 +4.5%.

As regards the labour market, Spain will become the second European country with the highest unemployment rate in 2020. Greece will be the first with 22.3% data, and will be the only two countries that will keep unemployment above 15% in 2021.