Bacno de España – News and events,Comunicación del Banco de España en relación con los efectos de la DANA

Bank of Spain issues statement on effects of DANA

The Bank of Spain has issued a statement on the effects of the DANA (Isolated Depression at High Levels) that affected Spain from September 12 to 14, 2022. The statement notes that the DANA caused significant damage to infrastructure and agriculture, and led to widespread flooding and power outages.

The Bank of Spain estimates that the DANA caused economic losses of between €1.5 billion and €2.5 billion. The damage to infrastructure was particularly severe in the regions of Andalusia, Castilla-La Mancha, and Murcia. The DANA also caused significant damage to crops, particularly in the regions of Andalusia, Extremadura, and Valencia.

The Bank of Spain’s statement also notes that the DANA had a negative impact on tourism. Many tourists cancelled their trips to Spain due to the weather conditions, and others were stranded due to road closures and flight cancellations.

The Bank of Spain’s statement concludes by saying that the DANA is a reminder of the importance of climate change adaptation. The Bank of Spain urges the government to take steps to improve Spain’s resilience to extreme weather events.

Additional information:

  • The DANA is a type of low-pressure system that forms in the upper atmosphere. DANAs can cause heavy rainfall, thunderstorms, and hail.
  • The DANA that affected Spain in September 2022 was one of the most severe DANAs in recent years. It caused widespread flooding and damage, and led to the deaths of several people.
  • The Bank of Spain is responsible for regulating the Spanish financial system. The Bank of Spain also provides economic analysis and forecasts.

Comunicación del Banco de España en relación con los efectos de la DANA

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