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Calviño highlights the solid base of Spain to face the year with “confidence”

Date: March 27, 2023 Time: 07:39:44

The First Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, stressed that despite the environment of “extremely high uncertainty” at the international and economic level, Spain has a “solid” foundation that allows it to face the year 2023 with trust”.

During his speech at the ‘la Caixa’ Foundation Chair in Economy and Society, Calviño signed that in recent years the “appropriate” decisions have been made and the Spanish economy has experienced a “strong” recovery, which is why Spain faces great challenges ahead but is prepared.

Thus, the Government’s economic manager has highlighted the growth of GDP in 2022, which rose to 5.5%, and the “extraordinary” magnitudes that are being registered in the labor market, at the same time that she has ensured that it has prevented a deterioration of inequality.

“The challenges we have faced in recent years exceed what any economist expects to happen and, despite this, we can say that we have made outstanding economic and social progress in recent years,” Calviño reiterated.

With regard to inflation, the minister has assured that the main objective is that underlying inflation will drop rapidly in the coming months and they are waiting to find out what the impact of the drop in VAT on food has been on the CPI for the month January In this sense, he has indicated that the Government is “flexible” and is “open” to listen to other measures that are “more efficient” if necessary.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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