Calviño hides behind the fact that Spain will grow "above the European average"

Calviño hides behind the fact that Spain will grow "above the European average"

The meeting held this Thursday corresponded to the second meeting of the Sectorial Conference for Digital Transformation, which brought together representatives of the autonomous communities and the Spanish Federation of Municipalities and Provinces (FEMP) with the first vice president and Minister of Economic Affairs Nadia Calviño . However, the informative interest was directed at the update of the economic forecasts published today by Brussels, in which it maintains growth for Spain of 4% for this year and reduces it to 2.1% for 2023, above the average. community of 1.5% and 1.4% of the Eurozone for the next year. Precisely this last nuance has been seized by the first vice president who has highlighted that «Spain will have a more intense growth than the main economies of the European Union».

The number two of the Executive has insisted on several occasions, that in a context of downward revision of the forecasts, «everyone agrees in foreseeing a stronger growth for Spain in 2022 and 2023, above the EU average and of the large economies around us. Regarding the fact that Brussels has raised its inflation forecast for Spain at the end of the year, from the 6.3% it estimated in spring to 8.1% today, Calviño pointed out that "community forecasts confirm that inflation it is a global phenomenon, which is being aggravated by the evolution of international prices and Putin's war».

For the economic vice president, the most important thing is "the Commission includes a reference to the fact that the measures of the Spanish Government will contribute to moderating the rise in prices in the second half of the year." Similarly, she added that the inflation figure for this year and next is below the community average and that "there will be a slowdown in these prices - in reference to energy prices - in the course of 2023."

It is not the only time that the news has slipped over a meeting designed to advance the deployment of the revamped digital agenda of the Government. Regarding the new taxes on electricity companies and banks, Calviño pointed out that the Ministry of Finance is already "working on the technical details of the proposal, obviously the objective is to avoid the transfer of costs, a negative impact on citizens." Regarding this last area, he added that this technical work wants to avoid risks of double taxation and that it is the citizens who end up paying these new tax figures. “I am sure that both energy companies and financial institutions, with very solid CSR plans, will have no hesitation in putting themselves on the side of citizens and cushioning the negative impact of the war and a more equitable distribution of its costs. ».

It all depends on Russia

Regarding the fact pointed out from Brussels that, in the second half of the year, growth will slow down, Calviño explained that "the evolution of the second part of the year will depend on what Russia's actions may be and their impact on large European economies. In his opinion, it is very remarkable that at a time when "the European Commission is reviewing growth forecasts in a scenario of prolongation of the war and greater uncertainty" Spain continues to be awarded higher growth.

Strictly referring to the meeting, Calviño has slipped three announcements: the first referred to a new call for the 'Digital Kit' Program for digitalization of SMEs in Spain, aimed at companies with 3 to 9 workers with an investment of 500 million euros "before the end of July." On the other hand, it has also announced a new line of aid of almost 25 million euros to promote the audiovisula hub in Spain and aimed at municipalities with more than 100,000 inhabitants that want to attract micro-SMEs, startups and SMEs related to this sector «to develop this ecosystem throughout the territory.

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