Miguel Navascués | To build a public housing stock to house those who are now forbidden to be evicted? Or to undertake a plan such as the one proposed by the chief economist of Arcano, supported at the time by the president of Santander? The traction effect of the construction sector is proven, and is indisputable. However, according to Julián Núñez, president of the construction employers’ association, SEOPAN, the data and forecasts are not encouraging.

According to new indicators not available at the beginning of the year, the Spanish economy recorded a decline of 10.8% in 2020, a figure that improves by 0,2% that previously forecast by the National Statistics Institute. On a yoy basis, GDP in the Q4 contracted by 8.9% (-9.1% in the preliminary data). There have been more surprises: quarterly growth between July-September was 17.1%, which means 0,7% higher than estimated, while in the fourth quarter the economy did not grow (0.0%) despite the fact that initial forecasts pointed to a rise of 0.4%.