The Executive also predicts that employment will increase by 1.4% and the unemployment rate will fall to an average of 6.9% annually.
The Basque government has lowered its macroeconomic forecasts for next year, expecting the Basque Country’s gross domestic product (GDP) to grow by 2% throughout the year, a tenth less than previously estimated.
The Second Vice President and Minister of Economy, Labor and Employment of the Basque Government, Mikel Torres, announced this Wednesday the executive’s economic forecasts for the end of 2024, for which the growth calculation of 1.9% is maintained, and for this year. .
Once the data on the development of the Basque economy in the third quarter of 2024 is known, in which GDP grew by 1.8% year on year, the Basque government estimates that this indicator will increase by 2% in 2025, much higher than in previous years. 1.3% in the eurozone, Torres pointed out.
The Minister of Economy, Trade and Business, Carlos Body, announced last week that the government will also revise the growth prospects for the Spanish economy, but this time upwards. He is confident that these will exceed 2.4%.
Source: EITB
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