x

Coronavirus

The Spanish Economy Has Rebounded A Record Quarter-to-Quarter 16.7% from July to September

October 30, 2020

MADRID — The Spanish economy has rebounded a record quarter-to-quarter 16.7% from July to September, bringing the country out of the technical definition of recession.

Preliminary data released Friday by Spain’s National Statistics Institute showed that domestic demand over the summer was the main driver of the recovery. However, the third quarter growth did not offset the 17.8% GDP loss of the second quarter and the 5.2% loss in the first three months of the year, when the pandemic hit the country.

Output in Spain was down 8.7% in the third quarter compared to the same period a year before.

Nearly all Spaniards are facing a weekend with restrictions on leaving the regions where they live as authorities try to contain a sharp resurgence of reported coronavirus cases but refrain from a full lockdown to try to prevent further economic deterioration.

Although Spain's official tally records 1.1 confirmed COVID-19 cases, the government has acknowledged that the true figure, including missed cases, could be at least three times higher. At least 35,000 people in Spain have died with the virus during the pandemic.

RELATED

NEW YORK (AP) — President Joe Biden promised to distribute hundreds of millions of free COVID-19 tests and to open more testing sites to fight surging infections, but the stepped-up efforts will not come in time for people who want to find out if they are infected before the holidays.

Top Stories

United States

I’ve only ‘met’ Zaferios G Caragianades once in the pages of history.

Politics

Ambassador Dimitrios Tsikouris (JD, MA) has a 36-year-long career in the Greek Diplomatic Service with assignments in Germany, the United Nations, New Orleans, Washington, DC, NATO Defense College in Rome, Italy, Iran, Belgium, Indonesia, Malaysia, and ASEAN.

Politics

ATHENS – Growing violence on Greek campuses will be dealt with, Prime Minister Kyriakos Mitsotakis said in a pledge to root out offenders who are allowed to stay in school despite causing problems.

Video

Jill Biden: I Didn’t Expect “Healing Role” as First Lady

LAS VEGAS — Her husband campaigned to help unite the country, but Jill Biden says "healing" a nation wounded by a deadly pandemic, natural and other disasters and deep political polarization is among her chief roles as first lady, too.