Calviño admits that "curves are coming" and does not rule out a recession

The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño. / EP

The first vice president points out that "we are at a time of very high uncertainty" and warns that "we must prepare for the worst, hoping that it does not happen"

Lucia Palacios

Hold on, curves are coming. This is recognized by the first vice president, Nadia Calviño, who in an interview on Cadena Ser on the same day that the bad employment data for the month of July was known, warned that Spain must "prepare for the worst, hoping of course that it does not happen" .

The Minister of Economic Affairs was not even able to rule out a recession in Spain and pointed out that "we are in a moment of very high uncertainty", so everything will depend on what happens with the war in Ukraine, the food supply, the economy monetary policy after the rise in interest rates... "There are many factors of uncertainty that make it particularly difficult to try to anticipate what is going to happen," he admitted.

Employment stops sharply and unemployment rises in the worst July in history

His recipe for what to do: “keep your eyes on the road and keep a firm grip on the steering wheel”, since “curves are coming”.

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