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Calviño predicts that the downward trend in inflation will continue during June

Date: October 4, 2023 Time: 19:20:16

The First Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, assured this Monday that the downward trend in inflation, which stood at around 3% in the month of May, will continue for these next 30 days. In statements in an interview on TVE and reported by Europa Press, Calviño stressed that the economic policy carried out by the Executive in recent years “has to provide peace of mind and confidence for the coming months and beyond.”

In this way, he wanted to highlight the position of all the analysts and international organizations that foresee that Spain will grow more than the countries around it and “has enormous confidence in our economy”. The Vice President of the Government will attend New York this Friday to do interviews and observe the situation more closely in the international financial markets. In addition, she assures that she will find a positive scenario, “I am going to find enormous confidence in Spain and in the economic policy of this Government,” Calviño points out, since it is what they transmit to her every time they contact her .

Asked if he will continue to side with Pedro Sánchez if he wins the general elections on July 23, Calviño has affirmed that he “is committed” to the president, since “he represents the best Spain”. “He is an honest person who defends the general interest, who is loved and respected in international arenas. It fills me with pride to see how he represents and defends the interests of our country and I will be by his side,” he said. indicated he.

Committed to being with Sanchez

The First Vice President hopes that Sánchez will continue to lead the Government and that she can continue to lead economic policy in order to complete the investment and reform process that has been launched in this legislature thanks to European funds, without which, As he has said, Spain “could not be having a process and a phase of as much economic growth and job creation” as the current one.

Precisely and in relation to European funds, the Council of Ministers this Tuesday will approve the addendum to the Recovery Plan for its referral to Brussels, as Calviño announced last week. The vice president explained that the addendum, “which is like the second phase of the Recovery Plan”, will use a fund of 1,000 million euros to help finance investments in the tourism sector, “a sector that is doing its homework, that is being digitized, that it is becoming more sustainable, more efficient”. “Large and small companies, with the productive sectors, are taking advantage of the opportunity of European funds and I think this is a very positive message also for the future,” she added.

They will reform measures towards a green and digital economy

The vice-president explained that contributions from different political parties, social agents and autonomous communities have been incorporated into the addendum in order to invest European resources “in building a better future”. Calviño has assured that, every time she leaves Madrid, she sees on the ground that these funds “are financing impressive projects”, that they take advantage of the opportunities for Spain to join the new green and digital economy “without complexes”.

Regarding the anti-crisis and inflation-reducing measures that the Government is considering maintaining after June 30, Calviño has indicated that it will be necessary to see how the economic situation continues to evolve and what measures are necessary for the second part of the year. “We have been making this adjustment every six months or so since the pandemic hit us and it has been shown that this is the appropriate approach, because it gives us flexibility to gradually eliminate those measures that are no longer necessary and extend or reform or expand those that we still need”, he pointed out.

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

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