Spain’s central bank urges major reforms amid Covid-19 crisis
Spain needs tax and regulatory changes to encourage small firms to boost their size with 80% of companies have fewer than five employees
30 June 2020 - 12:52
Madrid — Spain risks long-term sluggish growth like Italy if lawmakers don’t respond to the coronavirus crisis with major reforms to address long-standing weaknesses, the country’s central bank has warned.
Medium-term growth potential — only about 1% before the pandemic — is at risk of falling further with businesses near collapse and some sectors facing weak demand for years...
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