The floods which killed 227 people in Spain last month could shave 0.2 percentage points off its economic growth in the final quarter of 2024, the central bank said Wednesday. "The estimated impact would be close to -0.2 percentage points on the quarterly growth rate in the fourth quarter," Bank of Spain governor Jose Luis Escriva told reporters in Madrid.

Espagne : les inondations du 29 octobre pourraient amputer de 0,2 point la croissance du PIB

Le Figaro

Paris

Île-de-France

France

Spain: the floods of October 29 could reduce GDP growth by 0.2 percentage points

These estimates are based on what happened in the United States during Hurricane Katrina, which devastated New Orleans in 2005.

Ces estimations sont fondées sur ce qui s’était passé aux États-Unis lors du passage de l’ouragan Katrina, qui avait dévasté La Nouvelle-Orléans en 2005.

Media Bias/Fact Check

Dassault Group

Hundreds of people died, homes, businesses and fields were destroyed. The Central Bank has now calculated the economic damage caused by the severe floods in Spain.

Hunderte Menschen starben, Wohnhäuser, Geschäfte und Felder wurden zerstört. Nun hat die Zentralbank den wirtschaftlichen Schaden der heftigen Überschwemmungen in Spanien kalkuliert.

Flutkatastrophe kostet Spanien 0,2 Prozentpunkte Wirtschaftswachstum

Spiegel

Germany

Flood disaster costs Spain 0.2 percentage points of economic growth

The disaster of the DANA will subtract two tenths from the Spanish GDP of the fourth quarter and will add 1.5 tenths to the IPC in the long term. These are calculations made by the Banco de España and that the governor José Luis Escrivá has made public in an event on the economic impact of the disaster organized by the APIE. In general terms, the head of the Spanish banking supervisor has emphasized that the affected area represents around 2% of…

La catástrofe de la DANA restará dos décimas al PIB español del cuarto trimestre y sumará 1,5 décimas al IPC a largo plazo. Estos son cálculos realizados por el Banco de España y que el gobernador José Luis Escrivá ha hecho públicos en un evento sobre el impacto económico del desastre organizado por la APIE. En términos generales, el jefe del supervisor bancario español ha destacado que la zona afectada supone en torno al 2% de la población y ec…

El Banco de España calcula un golpe al PIB del cuarto trimestre de dos décimas por la DANA

Grupo Vocento

Spain

Banco de España calculates a blow to GDP in the fourth quarter of two tenths by DANA

The financial cost of the flood disaster that occurred in Spain in recent weeks and caused the deaths of hundreds of people has exceeded 20 billion euros. The statement came from the Central Bank of Spain. Click for more

İspanya'da geçtiğimiz haftalarda meydana gelen ve yüzlerce kişinin hayatını kaybettiği sel felaketinin maddi maliyeti 20 milyar euroyu aştı. Açıklama İspanya Merkez Bankası'ndan geldi.Devamı için tıklayınız

İspanya’daki selin maliyeti 20 milyar euroyu aştı

A Haber

Turkey

Cost of floods in Spain exceeds 20 billion euros

37 of the 298 banking branches in the area remain non-operational. More information: These are all government measures to assist both individuals and companies affected by the DANA.

Aún permanecen no operativas 37 de las 298 sucursales bancarias de la zona. Más información: Estas son todas las medidas del Gobierno para ayudar tanto a personas como a empresas afectadas por la DANA

El BdE prevé que la DANA restará dos décimas al PIB de este trimestre y sumará 0,15 puntos al IPC a largo plazo

EL ESPAÑOL

The BdE foresees that the DANA will subtract two tenths from this quarter's GDP and add 0.15 points to the IPC in the long term

On Wednesday, the Banco de España presented a preliminary assessment of the impact that the DANA has had on the country’s economy. The first conclusions invite a certain optimism. The supervisor assumes that the catastrophe can subtract up to two tenths of economic growth at the end of the year, but predicts that the recovery will be “intense” and that the impact will be “limited and transitory.” This is the main message that the governor of the…

El Banco de España ha presentado este miércoles una evaluación preliminar sobre el impacto que ha tenido la DANA sobre la economía del país. Las primeras conclusiones invitan a cierto optimismo. El supervisor asume que la catástrofe puede restar hasta dos décimas de crecimiento económico a final de año, pero prevé que la recuperación sea "intensa" y que el impacto sea "limitado y transitorio". Este es el principal mensaje que ha trasladado el go…

El Banco de España calcula que la DANA restará dos décimas al PIB, pero cree que el impacto será "limitado y transitorio"

20minutos

Madrid

Community of Madrid

The Banco de España estimates that the DANA will subtract two tenths from GDP, but believes that the impact will be "limited and transitory"

The impact on Spain’s GDP will be two tenths in the growth of the fourth quarter, although it considers that it will be neutralized with other positive trends of the last months in other regionsMazon awards another four million in works by the DANA to two condemned for financing the PP in Gürtel The Banco de España previews “an intense recovery of productive activity” in the municipalities hit by the DANA. The governor of the financial regulator…

El impacto en el PIB de España será de dos décimas en el crecimiento del cuarto trimestre, aunque considera que se neutralizará con otras tendencias postivas de los últimos meses en otras regionesMazón adjudica a dedo otros cuatro millones en obras por la DANA a dos condenados por financiar al PP en Gürtel
El Banco de España prevé “una recuperación intensa de la actividad productiva” en los municipios golpeados por la DANA. El gobernador del reg…

El Banco de España prevé "una recuperación intensa" en los municipios golpeados por la DANA

Eldiario.es

Banco de España foresees "an intense recovery" in municipalities hit by the DANA

CaixaBank estimates that the economy would have expanded 3.1% without the impact of storms

CaixaBank estima que la economía se habría expandido 3,1% sin el impacto de las tormentas

Floods to shave 0.2 percentage points off Spain's growth

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