The first vice president, Nadia Calviño, described the estimates as “cautious”, and did not rule out the possibility of further growth in Gross Domestic Product this year.
Euskaraz irakurri: Espainiako Gobernuak % 4,4ra igoko du hazkunde ekonomikoaren aurreikuspena, eta % 2,1era murriztuko du 2023koa
The Spanish government plans to raise its economic growth forecast for this year from 4.3% to 4.4%but will cut six tenths, at 2.1%are estimates for gross domestic product (GDP) for 2023, as indicated by the First Vice-President and Minister of Economy and Digital Transformation, Nadia Calviño, when he joined the Eurogroup this Monday in Luxembourg.
Is about “a cautious predictionas the indicators and data we have through September could allow for an even bigger upward revision,” the first vice president added.
“We see a strong activity and job creationalso in tax revenues, so everything points to the Spanish economy, until September, continues to grow quite strongly“, has emphasized the economic responsibility of the government.
At the end of July, the government maintained its growth forecast for the Spanish economy in the 4.3% for this year, but it has already lowered its estimate for 2023 by eight tenths, to 2.7%in a context of great uncertainty due to the impact of the war in Ukraine and the rise in prices, especially energy prices.
For example, Calviño has indicated that the GDP growth rate of 2.1% would be “above the main countries in our area and the EU average”.
Most national and international organizations They are revising their forecasts for Spain for 2023 down and place the growth at about 2%. In fact, in a context of uncertainty such as the current one, the latest forecasts from Consensus Forecasts, which correspond to the month of September, project growth in Spain of 4.3% for 2022, stable compared to the month of June, and 1.6% in 2023 (vs. 3% expected in June).
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
