«It is not necessary to exclude that there are new upturns»

«It is not necessary to exclude that there are new upturns»

bruno perezMadrid Updated: 05/10/2022 19:39h
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The government trusts
in which inflation does not return to around 10%
, but he does not rule out that the maintenance of instability in Ukraine could generate new scares in the future. This was stated this Tuesday by the First Vice President of the Government, Nadia Calviño, during her speech at the Madrid Leaders Forum, a new business forum promoted by the Madrid employers' association CEIM, with the support of both the Madrid City Council and the Government of the Community of Madrid. "Everything points to the fact that we have already left behind the peak of inflation in March, but it cannot be excluded that there will be new spikes in inflation because the causes are still there and are of a global dimension."

Amid so much uncertainty, the first vice president focused her speech before an audience made up mostly of businessmen with the intention of providing certainty.

The first that he contributed is that the commitment he made three months ago not to appear again in any photo in which he was the only woman was totally serious.
Calviño was deleted from a photo with the president of CEIM
, Miguel Garrido, which was joined by two other men just before taking part in the forum. After his speech, already with the general secretary of CEIM in the picture, Calviño no longer had any qualms about immortalizing his presence in the first edition of this forum, which was born, according to the president of the Madrid employers' association, with the intention of making visible the leadership of Madrid businessmen and making the 'Madrid' brand profitable.

Later he made an effort to draw in color the scenario of the Spanish economy. There are uncertainties, yes, she admitted, but there is also a general consensus that Spain will grow more than the rest of the large European economies or the rest of the world. She omitted, however, that she, too, will be the last to return to pre-pandemic wellness.

He admitted that the evolution of the economy will depend on how long the conflict in Ukraine lasts and on the pressure on prices, but also on two other factors on which he has more hope. The first is the deployment of the Recovery Plan, which, as it has been announcing for months - specifically, since it began to be evident that the ambitious execution objectives set for 2021 were not going to be met - will reach cruising speed this year and It will be an incentive for investment.

The second, the recovery of tourism, which in the first months of the year has already recovered 80% of the record flows it had before the pandemic and which, according to government estimates, will recover pre-pandemic levels next summer. .

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