THE Catalan crisis could see Spain’s economic forecast slashed by 60%, bank chiefs have warned.
Bank of Spain bosses also believe fears over independence for the region may send Catalunya into recession.
The worse-case scenario would cut €27 billion from Spain’s economic growth over the next two years, the bank said in its November report.
A ‘severe and prolonged’ crisis would cut 2.5% from Spanish GDP by 2019.
There are ‘significant risks and economic costs’ to the Catalan crisis, the bank warned.