The Minister of Finance and Economy of the Basque government has emphasized that “inflation is being limited”, although he has acknowledged that part of the inflation, the underlying one, is rising.
Euskaraz irakurri: Jaurlaritzak eutsi egin die EAEko egungo aurreikuspen ekonomikoei
The Minister of Finance and Economy of the Basque Government, Pedro Azpiazúhas indicated that at the moment maintain current economic forecasts in the CAV, adding that in July they will review the calculations again and decide whether to change them or not based on that.
In the context of the inauguration, this Thursday, of the 82nd CEPREDE Semiannual Economic Prediction Board: “The Return of Inflation”, taking place today and tomorrow in San Sebastián, Azpiazu emphasized that “inflation stopsalthough he has acknowledged that there is a part of inflation that is underlying that is rising.
However, he trusts that the rest will go to the previous level little by little. “I don’t know if inflation will fall back below 2% anytime soon, but I think it will be diverted to a great extent and that will certainly give us a lot more stability and more calm in the economy,” he said excellently.
“Once the price of gas is capped, we’ll see how it affects electricity; I think this will also bring inflation down,” he added.
Likewise, the consultant recalled that the forecasts are reviewed every three months and will be reviewed in July to determine whether there is a need to change this current forecast. “At this point, we have no reason to change these forecasts. We think they are pretty goodhe pointed out.
Yesterday the Bank of Spain warned that the growth forecast for 2022 would go down again in June? (April estimate was 4.5%), after the GDP slowdown in the first quarter was “much more intense” than expected and accompanied by a pick-up in core inflation.
The annual report indicates that inflation excluding energy will grow more strongly than expected this year, while energy price increases will be more modest, partly due to the implementation of the Iberian mechanism to limit the price of gas and lower the price of electricity .
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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.
