Cement sector in Spain 2020: COVID19 Impact

Global Bulk Technologies S.L.

Cement sector in Spain 2020: COVID19 Impact

1.- INTRODUCTION

With pandemic COVID19 hitting hard economies worldwide since February 2020, the implementation of preventive confinement measures to protect populations health and safety in every country, had in Spain devastating consequences. Due to the declared State of Alarm in Spain on March 14th by Spanish government, confinement measures, limitation of economic and trade activity during this period, had an immediate impact in the country’s macroeconomy: it is facing gloomy forecasts in terms of collapsing  of GDP growth  and the increase of unemployment rate  to order of magnitudes not seen in recent history in Spain.

 

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