The latest report from the Mallorca Economy Circle think tank points to a slowing-down of the Balearic economy in July. This followed more than a year of intense recovery and growth after the collapse caused by the pandemic.
Balearic economy slowed down in July
Balearics expected to be harder hit than other Spanish regions
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I think it'll hit really hard this winter as I don't feel many will have gotten the chance to have saved a lot even though it has been a mega-summer across the island. Even though for some there was COVID money still in the system that still has to be paid back from what I understand.