Calviño highlights the solid base of Spain to face the year with “confidence”
The First Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, has highlighted that despite the environment of “very high uncertainty” internationally and economically, Spain has a “solid” base that allows us to face the year 2023 with “confidence”.
During his speech at the ‘la Caixa’ Foundation Chair in Economy and SocietyCalviño has affirmed that in recent years the “appropriate” decisions have been made and the Spanish economy has experienced a “strong” recovery, so Spain has great challenges ahead but is prepared.
Thus, the economic manager of the Government has highlighted GDP growth in 2022which rose to 5.5%, and the “extraordinary” magnitudes that are being recorded in the labor market, at the same time that it has ensured that a deterioration in inequality has been avoided.
“The challenges we have faced in recent years exceed what any economist expects to happen and, despite this, we can say that we have outstanding economic and social progress in recent years“, Calviño reiterated.
Regarding inflation, the minister has assured that the main objective is that core inflation to decline rapidly in the coming months and they are waiting to find out what has been the impact of the drop in VAT on food on the CPI for the month of 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.