Spain economy shrinks 11% in 2020: statistics institute

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  MADRID, Spain (AFP) — Spain’s economy contracted sharply by 11 percent in 2020 due to the upheaval triggered by the Covid-19 pandemic, the National Statistics Institute said in a first estimate published Friday. The figure is largely in line with the fall of 11.2 percent predicted by Spain’s government although the International Monetary Fund had seen a sharper contraction of 12.8 percent. France also saw its economy shrink by 8.3 percent in 2020, Germany […]