The first vice-president of the Government, Nadia Calviño, has confirmed that the Government foresees a weakening of the labor market in relation to the initial calculations with which it began to prepare the 2023 accounts. In the press conference after the Council of Ministers that given the green light to the third preliminary draft of the General State Budget Law of the coalition Executive, the head of Economy has advanced that employment will grow by 2.9% this year (eight tenths below its previous calculation) and 0.6 % next year (two tenths below the estimate it had prepared last July. The Executive, however, maintains the unemployment rate forecast at 12.8% this year and 12% next.
In this scenario and, as Calviño herself advanced on Monday, Economy is confident that the GDP will advance 4.4% this year and 2.1% next. This greater progress of the economy throughout this year is due to the good data expected from the foreign market. Exports will be more dynamic (they will advance to 17.9%, compared to 10.2% previously estimated) and investment will also perform better, in full arrival of the Next Generation recovery funds
Source: LA INFORMACIÓN – Lo último by www.lainformacion.com.
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