Calviño advances a slowdown in employment and entrusts the investment to EU funds

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

*The article has been translated based on the content of LA INFORMACIÓN – Lo último by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!