It is estimated that it will be reduced from 5.2% to 4.5%. Cebek’s president made these estimates at a press conference on the occasion of the Ordinary General Meeting to be held next Wednesday by the Bizkaia Business Confederation, which will also be attended by the Lehendakari, Iñigo Urkullu.
Euskaraz irakurri: Ia puntu bat jaitsi du Cebekek 2022rako Bizkaiko ekonomiaren hazkunde-aurreikuspena
Cebek has lowered the growth forecast for the economy from 5.2% to 4.5% Biscay by 2022 due to, among other things, the consequences of the war in Ukraine, increases in energy costs and inflation.
The Chairman of Cebek, Carolina Perez Toledomade these estimates at a press conference hosted in Bilbao by the Biscayan employers’ organization on the occasion of the general meeting to be held this Wednesday, which will also include the Lehendakari, Iñigo Urkullu, who has resumed his public agenda suspended for a few days after testing positive for covid.
The head of the Biscay employers has pointed out that, among other things, the consequences of the war in Ukraine, the rise in energy costs, raw materials and supplies and high inflation, is “marked” in the second quarter of the year In particular, small and medium-sized companies in the industrial sector.
In this context, Cebek expects for this year in Bizkaia a growth of 4.5% “always dependent on the economic evolution and the resolution of existing difficulties”, which means that the initial forecast will be reduced by almost one point, namely 5.2% .
In this scenario, the Biscayan employers are betting on: “join forces” and promote “joint work” between companies, employees, institutions and governments to “provide a response to a very complex situation that demands the best of everything”.
Results of the survey Cebek conducted among 382 companies
As for the survey conducted by Cebek among 382 companies from all sectors, 47% of the companies indicate that their order book has decreased as a result of the war in Ukraine. In addition, 63% saw their profitability/margins decline in the first three months of this year.
On the other hand, only 16% of those surveyed believe their workforce will decline in the coming months and 92% see an income agreement as essential.
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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.
