Tunnelling through

Plans for a tunnel between Spain and Morocco are back on the table.

Pandemic recovery plan

THE Bank of Spain released its economic forecast for the pandemic recovery plan on Monday, February 6, saying that it predicts a direct GDP improvement of 1.15 per cent per year, which could rise to 1.75 per cent annually.

Economists at the Bank of Spain note that funding from the European Union would have the greatest impact on sectors related to digitalisation like the information and communication industries and technological services as well as the construction sector.

Increased productivity in the transport sector since material shortages have been re- solved is also expected to have a positive knock-on effect. However, the Bank of Spain has warned that a skilled labour shortage could reduce the effects of the plan. The plan was approved by the EU at the end of 2022.