Spain’s nascent economic recovery is under threat because of a second wave of coronavirus infections, the International Monetary Fund said, warning that the government shouldn’t remove fiscal support too early. Spain has the highest number of cases in Europe, and the IMF assessment comes as the country prepares to impose new targeted restrictions in hotspots such as Madrid. Health officials from regional administrations will on Wednesday be asked to approve government plans, which would involve additional curbs on social gatherings as well as bars and restaurants. While such measures will hit the already-beleaguered hospitality industry, the IMF said controlling the virus is vital for the economy. In the review, which was conducted before the latest measures were announced, it predicted a 12.8% economic contraction this year. “Getting the second wave of infections under control will be critical for the economic outlook,” the Washington-based fund said. Risks are “tilted strongly to...
Important information of covid 19 and healthcare tips how to recover from corona virus