Economical analysis of the "ERTE": application to the case of tourism

Abstract

[eng] The Temporary Employment Regulation File, known as “ERTE”, has been one of the most pronounced words throughout this last year. In this work we have proceeded to analyse the main factors that must be known about an “ERTE” as well as its future consequences. Throughout the work I have proceeded to analyse the different consequences that the pandemic has caused and the consequences on the population as well as the people suffered by “ERTE”. For this reason, I have analysed the different macroeconomic indicators such as GDP and the unemployment rate in Spain as well as in the different Autonomous Communities. The pandemic has caused negative impacts on the population of the Balearic Islands. Its only economic motor engine is the tourism sector and the main restriction to stop the COVID-19 was the limitation of mobility. That’s why we will analyse the case of the Balearic Islands focusing on its GDP and the unemployment rate and how they would act to have a fast recovery.