The vice president hopes that an income agreement will be agreed


The First Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, stressed that despite the environment of “extremely high uncertainty” at the international and economic level, Spain has a “solid” foundation that allows it to face the year 2023 with trust”.

During his speech at the ‘la Caixa’ Foundation Chair in Economy and Society, Calviño stated that in recent years the “appropriate” decisions have been made and the Spanish economy has experienced a “strong” recovery, which is why Spain faces great challenges ahead but ready.

Thus, the Government’s economic officer has highlighted the growth of GDP in 2022, which rose to 5.5%, and the “extraordinary” magnitudes that are being recorded in the labor market, while at the same time ensuring that it has prevented a deterioration of inequality.

“The challenges we have faced in recent years exceed what any economist expects to happen and, despite this, we can say that we have made outstanding economic and social progress in recent years,” Calviño reiterated.

Regarding inflation, the minister has assured that the main objective is for core inflation to drop rapidly in the coming months and they are waiting to find out what the impact of the drop in VAT on food has been on the CPI for the month from January. In this sense, she has indicated that the Government is “flexible” and is “open” to listen to other measures that are “more efficient” if necessary.

Asked about an income pact, Calviño has insisted that it is an “opportune” moment for the social agents to reach an agreement that transcends the political debate.

“The social agents are talking and we are seeing where to find those points of agreement. It is not only about raising the SMI; beyond the specific agreement, it is about reaching a scenario of social agreement and reducing the tension in the debate”, has explained.

Along the same lines, the vice president has defended the government’s actions to reduce inflation and to reach an agreement that makes it “easier” to reach an income agreement.