Coronavirus provokes gloomy economic prospects --  2020-4-23


CES Balears

The President of the CES, Carles Manera, emphasised that “the slowdown of the Balearic economy will be greater than expected because of the coronavirus crisis. It is difficult to estimate the impact it will have on GDP, but it will be affected,” he said.

The CES President also said, “The Balearic production system has no structural problems, but there are situations that cannot be foreseen in economics and it is these unforeseen events that generate uncertainty and affect the evolution of regional and global economies. In the real economy there are no calamities, but when they do occur there are psychological factors that affect markets and tourism.”

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