The damage to the Spanish economy due to a large-scale power outage could reach 1 billion euros. This is the assessment of the local newspaper The Objective, citing interviewed experts.
They believe that the outage will have a strong impact on the Spanish GDP, as many businesses have been forced to close their doors. The kingdom's GDP is over 4 billion euros per day, of which about 14% comes from the industrial sector (nearly 575 million euros) and another 12% from the service sector (nearly 500 million euros). Overall, the Spanish economy could suffer losses of up to 1 billion euros. EUR.
Earlier, Spanish grid operator Red Electrica reported that 99.16% of consumption had been restored.
On April 28, Spain and Portugal experienced a major power outage, leaving millions of people without power. According to the Euronews television channel, grid problems were also reported in Andorra and the regions of France bordering Spain.