In addition, the economy of the Basque Autonomous Community and Navarre will grow by 1.4% this year, above the average of the Spanish state.
Euskaraz irakurri: EAEko economic pandemic aurreko maila berreskuratuko du aurten, et Nafarroak gainditu egingo du
The economy of the Basque Autonomous Community will recover its pre-pandemic GDP (gross domestic product) figures in 2023 and Navarre for its part will surpass pre-pandemic figures, according to forecasts released this Monday by Funcas. As early as 2022, Navarra has managed to return to the activity level of 2019.
He estimated growth of the GDP of Euskadi and Navarra is 1.4%, above the average for the Spanish state.
The rate of inflation it was 8% in the Basque Autonomous Community, four-tenths less than the state average. In Navarra, on the other hand, the price increase was 8.8%, four tenths more.
As for the labor market, the unemployment rate it would be cut to 7.9% this year, “the best record” in the state. Navarre will register a decline in the unemployment rate to 8.9%.
According to Funcas forecasts, “the favorable structural positioning of industry and services” will make the Basque Autonomous Community one of the “most benefited from the European funds. As for Navarra, the weight of the sectors that will benefit more from the boost from European funds, both in industry and services, is “high”.
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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.
