(Bloomberg) --
Spain's government expects the economy to shrink by 9.2% in 2020, due to the impact of the coronavirus outbreak.
Following this year's contraction, Madrid expects the economy to rebound in 2021, with 6.8% growth, Economy Minister Nadia Calvino said in a press conference, in which she announced the annual economic outlook the government sent Thursday to European Union officials in Brussels.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The government's forecast for 2020 is in line with the central scenario presented April 20 by the Bank of Spain in its outlook.
©2020 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
