Spain’s startup ecosystem bemoans lack of state support, new barriers to investment in Covid-19 recession
- Spain
- 11 min read
- May 10, 2020
- By Gareth Gardiner Jones
Image: Shutterstock
Spanish startups protest the lack of relevant aid, compared with other EU countries; investors warn of “disastrous” new foreign investment restriction
Battered by the Covid-19 pandemic, Spain has forecast its economy to shrink 9.2% this year, and its unemployment rate to soar to 19% from about 13% last year. The country has been under lockdown since March 14, with a phased lifting of restrictions that began on...
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