openPR Logo
Press release

Impact of COVID-19 on Spain Economy Size, Share, Trends, Analysis and Forecast 2019-2025

05-18-2020 08:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Impact of COVID-19 on Spain Economy Size, Share, Trends,

Spain is the third most affected country due to the COVID-19 pandemic globally. The country is the second most affected country in Europe after Italy due to coronavirus with more than 95,000 cases by the end of March 2020. The country has registered the second-highest global mortalities after Italy due to the pandemic. The country was under lockdown from March 14, 2020, and after the sudden increase in the fatalities, the lockdown has been extended to April 12, 2020, and people can move only for food, medicine, and other important work. As per the International Monetary Fund, the country was 13th largest economy globally with a GDP of $1.4 trillion and a growth of nearly 2% in 2019. Due to the pandemic, the country's growth is expected to slow down and there is a high chance that it will witness a negative growth rate in 2020.

A full report of Impact of COVID-19 on Spain Economy is available at: https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-spain-economy

Based on industry classification, Spain's economy is studied into automobile, energy, healthcare, retail & e-commerce, agribusiness and food, aviation, manufacturing, travel & tourism, and others. A major slowdown in the aviation, travel and tourism, manufacturing, as well as the construction sector, has been reported due to COVID-19. Many sites have been shut down due to the coronavirus outbreak. Moreover, various production and manufacturing operations are also being disrupted and investment plans put on hold in Spain. As a result of travel restrictions following public health, the crisis has also reduced the travel and tourism industry in Spain.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/impact-of-covid-19-on-spain-economy

After France and the US, Spain was the third-most visited country by tourists globally. Due to the COVID-19, many people are postponing or canceling their vacation and avoiding even the local areas where a large number of people assemble which is thereby affecting tourism and related sectors such as transport, hospitality, and air travel. Besides, Spain has a diverse industrial base including manufacturing, agribusiness, infrastructure, and renewable energy sectors. The cities of Madrid and Barcelona in Spain are the main regions for the commercial activities within the country. The recent pandemic is causing significant turbulence to the economy of Spain. A sudden drop in domestic and external demand for goods and products, reduction in various trades, halts in production due to labor and raw material shortage are some of the major impacts observed in the country.

Key companies operating in Spain whose business operations are significantly affected due to COVID-19 include Airbus S, BFS Blue Enterprises, Distribuidora Internacional de Alimentacion, S.A., EDP Renewables, Fersa Energias Renovables SA, Iberdrola Renovables, Indra Sistemas, S.A., Industria de DisenoTextil, S.A.As among others. In March 2020, in order to deal with the pandemic, the government of Spain has announced a package of around $221 billion to support and aid companies.

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-spain-economy

Verticals Affected Most

o Automobile
o Energy
o Healthcare
o Retail & E-commerce
o Agribusiness and Food
o Aviation
o Manufacturing
o Travel and Tourism
o Others (Construction, Electronics)

Company Profiles

o Aernnova Aerospace SA
o Airbus SE
o BFS Blue Enterprises
o Daimler AG
o Distribuidora Internacional de Alimentacion, SA
o EDP Renewables SA
o Fersa Energias Renovables SA
o Ford Motor Co.
o Iberdrola SA
o Iberia Lineas Aereas de Espana SA Operadora
o Indra Sistemas, S.A.
o Industria de DisenoTextil, SA
o Mandarin Oriental Hotel Group
o Marriott International, Inc.
o Melia Hotels International, S.A.
o Mercadona SA
o NH Hotel Group SA
o Rolls-Royce PLC
o Torresol Energy SA

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact of COVID-19 on Spain Economy Size, Share, Trends, Analysis and Forecast 2019-2025 here

News-ID: 2048614 • Views:

More Releases from Orion Market Research

Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, Leading Players and Growth Opportunities by 2033
Infrastructure as Code (IaC) Service Market Size Analysis, Competitive Insights, …
Infrastructure as Code (IaC) Service Market was valued at approximately USD 0.932 billion, and it's projected to expand to around USD 7.509 billion by 2033, achieving a robust CAGR of 23.2% from 2024 to 2033. Infrastructure as Code (IaC) Service Market Overview The Infrastructure as Code (IaC) Service Market is experiencing remarkable expansion, fueled by the escalating need for scalable, automated infrastructure deployment across cloud and enterprise environments. In 2023, the market
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to Understanding the Process
Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market : A Guide to …
Ultra High‐Performance Liquid Chromatography (UHPLC) Columns Market is estimated to be valued at USD 2.5 billion, and is projected to grow to approximately USD 4.8 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.8% from 2024 to 2033. Ultra High-Performance Liquid Chromatography (UHPLC) Columns Market Overview The UHPLC columns market is on a strong growth trajectory, fueled by increasing demand for rapid, high-resolution analytical techniques across pharmaceuticals, biotechnology,
Property Management Service Market Rising Demand and Growth Forecast Through 2033
Property Management Service Market Rising Demand and Growth Forecast Through 203 …
Property Management Service Market was valued at approximately USD 17.3 billion. It is anticipated to reach around USD 32.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2033. Property Management Service Market Overview The Property Management Service Market is witnessing steady growth due to increasing urbanization, rising investments in real estate, and a growing demand for outsourced property management solutions. Property owners are increasingly
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSilicon Technologies Co., Ltd., ZTE Corporation,
5G Chipset Market Set to Witness Significant Growth by 2033 | Apple Inc., HiSili …
The global 5G chipset market was valued at USD 33.75 billion in 2024 and is projected to reach USD 502.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 35% from 2025 to 2033. 5G Chipset Market Overview The 5G chipset market is experiencing rapid growth, driven by the global rollout of 5G networks and the increasing demand for high-speed, low-latency connectivity across various applications, including smartphones, IoT

All 5 Releases


More Releases for Spain

Padel Clubs Market with Top Companies Data - Padel Club (Spain), World Padel Tou …
The Padel Clubs Market Size was valued at USD XX.X Million in 2023. The market is projected to grow to USD XX.X Million by 2032, exhibiting a compound annual growth rate (CAGR) of XX.X% from 2024 to 2032. In-Depth Analysis of Padel Clubs Market | Research Report [2024-2032] - https://www.globalmarketstatistics.com/market-reports/padel-clubs-market-11008 "Padel Clubs Market" Research Report Revealing a Comprehensive Analysis of Industry Trends, Growth, and Opportunities By Types (Outdoor Courts, Indoor Courts, Others),
"Your Way to Spain" Launches Comprehensive Relocation Services for Individuals M …
Madrid, Spain - September 10, 2024 - "Your Way to Spain" is proud to announce the launch of its specialized relocation services, tailored to meet the growing demand for seamless, stress-free moves to Spain. This comprehensive service aims to simplify the relocation process for individuals, families, and retirees looking to establish a new life in Spain, offering personalized support at every stage. The relocation process often involves navigating complex visa requirements,
Customized events and trips in Spain for foreigners, with Spain Luxury Incoming
Image: https://www.getnews.info/wp-content/uploads/2024/05/1714589693.jpeg In recent years, Spain has gained widespread popularity as an ideal destination for international travel. Every year, thousands of visitors come to this territory from various countries, drawn by its rich history, cultural diversity, majestic natural landscapes, and diverse and award-winning gastronomy. For these travelers, Spain Luxury Incoming [https://spainluxuryincoming.com/] provides a first-class experience during their visit to Spanish lands, through a luxury travel [https://spainluxuryincoming.com/] service that offers unique and exclusive
Fairing Market 2022 Analysis by Top Manufacturers - Aciturri (Spain),AERnnova(Sp …
The Global "Fairing Market" research report offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Fairing Market Research report offers the historic data for the year 2016 to 2021 and also makes available the forecast data from the year 2022 to 2028 which is based on revenue. With the help of all this information
Spain Agriculture Market, Spain Agriculture Industry, Spain Agriculture Livestoc …
The Agriculture has always been of prodigious importance for Spain region, as feeding the world’s principal population is not an easy assignment. The Spain government has been auxiliary the industry of agriculture with a significant number of policies, trying to stabilize the productivity and seeking ways to ensure the sector is upward healthily and sustainably. The federal government of Spain has been exceedingly supportive of agriculture for decades, and there
Bridal Wear Market 2019 by Top Growing Companies - Pronovias Fashion Group (Spai …
Bridal Wear Market share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Global Bridal Wear Market 2019 provides the summarized study on the market covering many factors encouraging the expansion of the market like manufacturers, market size, type, regions, and applications. The report is the most important research for who looks for complete information on the global Bridal Wear