The National Institute of Statistics has reviewed the GDP data and moderates the annual rate by two tenths but points out that there was no progress in the last three months
And on the other, and perhaps more important to understand the current context, GDP did not grow four tenths in the last quarter of the year but, in reality, remained flat. “It registers a variation of 0.0% in the fourth quarter of 2020 compared to the previous quarter,” he explains.
This is very relevant because it shows that the economy already entered without growth this year, which explains and affects the negative behavior that GDP is registering in the first quarter of the year. The Bank of Spain, for example, estimates that between January and March there will be a contraction of the economy.
According to the criteria of
Source site www.elmundo.es