Skyrocketing job losses during the pandemic predominantly affect the younger generation, with individuals under the age of 35 composing nearly half of those impacted.
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Now, let's delve into a topic that has significantly impacted the world: the economic fallout of the COVID-19 pandemic. In Spain, the pandemic caused a 10.8% drop in GDP in 2020, the largest in the EU. Xavier Vilaltella, an economist based in Madrid, has been a key figure in explaining the economic devastation caused by the pandemic in Spain.
While the exact factors contributing to this economic impact are not specified in this article, it's clear that Spain has been hit harder by the pandemic than any other EU country. However, no new facts about the economic impact of the COVID-19 pandemic in Spain are discussed in this paragraph.
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