The First Vice President of Economic Affairs, Nadia Calviño, is confident that inflation in the "next few months" will remain below that of the rest of the EU countries. She has said it in a recorded video message broadcast at the XXVII Economy Meeting in S'Agaró where she has highlighted that the "slowdown in growth in Europe and inflation" is the main challenge for the economy. The head of the government's economy portfolio blamed the war in Ukraine for this situation. The forecast of lower inflation in Spain than in the EU as a whole is in line with the Commission's latest forecasts made public on Friday.
Calviño has valued the "moderation of inflation, passing below the European average and that of the euro zone already in October, a trend that we hope will continue in the coming months." To achieve this milestone, the vice-president has pointed out the importance of the gas price control measures adopted before the summer.
In terms of growth, the vice president has opted for the evolution of GDP in Spain this year to be higher than expected. "Spain remains on a path of strong and sustained growth", said the head of the economy.
Calviño wanted to highlight the "excellent evolution of the labor market". Affiliation in Spain has recovered the level of employment prior to the pandemic for months, while GDP is still below what it was in 2019.
In her brief video intervention, the vice president wanted to highlight the latest investment announcements such as Google, Mersk, Cisco or the confirmation of Volkswagen's projects to electrify the company and build a power plant as successes of the Government. batteries. In the opinion of the vice president, these projects are the result of the "recovery plan" developed by the Executive. Finally, the vice president wanted to show her support for the private and public sector collaboration strategy.
Before Calviño's words, a tribute was paid to John Hoffman, President of Mobile World Congress.
