Madrid, Spain. File photoMADRID, May 31 The Spanish economy will lose 2.4 percentage points in the worst-case scenario if trade relations with Russia are completely cut off, according to an economic bulletin published by the Bank of Spain on Tuesday.Most a significant blow will be the cessation of energy supplies, which will lead to a loss of 0.8 to 1.4 percentage points of GDP in the first year, the agency notes. As noted in the bulletin, the refusal to purchase oil and gas from the Russian Federation will affect all sectors of the economy and cause growth In addition, the severing of ties with Russia will spur inflation, which could accelerate by 1.7%. provide alternative energy supplies and find markets for goods previously destined for Russia.
Inflation in the Eurozone accelerated to a record 8.1 percent in May
