4 ms·
I don't even want to know how hard Spain will be hit. The country was kind of recovering from the 2008 crisis which was not pretty. Unemployment was still high
by Darmody 6y ago
I don't even want to know how hard Spain will be hit. The country was kind of recovering from the 2008 crisis which was not pretty. Unemployment was still high before Covid, around 14% down from 26% which was not a good number but things were going forward.
Now this new crisis will be 5 times worse, at least in terms of GDP. In 2008 the GDP went down around 2,5% now it'll go down more than 12%. Madness. Around 50.000 small businesses have already shut down and thousands more are barely surviving. And now the government is going to increase some taxes. Taxes which were supposed to affect the rich but guess what, they won't.
I'm pretty concerned about several people I know with small/family businesses.