Spain | COVID-19: Stress Testing Household Finances

Spain | COVID-19: Stress Testing Household Finances

Abstract

The essential lockdown measures and cessation of economic activity imposed by governments to controlCOVID-19 will have a negative impact on the economy as a whole and, in particular, on households.

In Spain, around 33% of households find themselves in a highly vulnerable financial situation, that is, with the capacity to hold out for less than 3 months if they lose their main source of income. Considering this scenario, it is worth asking in what financial conditions Spanish households are facing this crisis.

Full content of the publication

Tags

Banking COVID-19 Data Analysis Financial Health Financial Systems Financial Vulnerability Home Inequality Savings

Authors

Alfonso Arellano

Senior Economist of the Financial System Unit at BBVA Research

Noelia Cámara

Principal Economist, Financial Systems Unit, BBVA Research

Additional Information

Date published

18/05/2020

Document Type

Research

Geographies

Spain

Target

General

Pages

1

Source

BBVA Research

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