Once the positive effect of the dammed up tourist demand has been exhausted, the economy is facing a very difficult autumn. On the one hand, consumption will be weighed down by the rise in prices and the increase in mortgage payments. On the other hand, investment will suffer due to poor business expectations and debt refinancing costs. Along with this, a possible cut in public spending or a tax increase would give the finishing touch to growth.
A few months ago, a phrase by Pedro Sánchez became very famous in which he pointed out that Spaniards would pay the same for the electricity bill in 2021 as in 2018, but “discounting inflation”. And something similar happens with the national and world economy,
