Tourism. The toughest year for the tourism industry
2S 2020
COVID-19 is having a huge impact on economic activity in Spain and, in particular, on the tourism industry. At CaixaBank Research we expect GDP to fall by between 13% and 15% in 2020, not returning to its pre-crisis levels until 2023. The outlook in 2020 is even grimmer for Spain's tourism industry as it is one of the sectors hardest hit by the pandemic.
![portadilla](/sites/default/files/content/image/2020/07/29/91184/01.jpg)