Post by account_disabled on Mar 11, 2024 8:38:45 GMT
The pandemic is still there, hindering possible economic growth and delaying the moment in which economic recovery can be considered established. Control of the pandemic will determine when, how and the meaning of the new normal; also, the costs that remain to be paid in terms of deaths, physical and mental damage, impoverishment, inequality and reduction in potential growth. The persistence of covid-19 in our lives and the delay in vaccinations will substantially modify the economic forecasts on which the General State Budget rested. Thus, while the government estimates of growth in were (which added to the effects of European funds reached 9.8%), the latest estimates, for example, those of the Funcas Panel published at At the end of March, it lowered them to, which would lead to an increase in the unemployment rate of 6 tenths.
A strange phenomenon, because this still notable growth in product will be accompanied by a small increase in unemployment, which can only be explained by the unemployment hidden by the , aid to the self-employed and loans to companies guaranteed by the ICO. The public deficit would be at a still high level of of in (with a significant decrease compared to 11% in 2020), which would translate into Belgium Mobile Number List more public debt, from the historical level of of that it reached. at the end of the year 2020. It is worth emphasizing that all the previous figures on the performance of the Spanish economy in are forecasts that depend on hypotheses subordinated to relative control of the pandemic and national and global phenomena of uncertain evolution. But they serve, as long as new estimates do not refute them, as a reasonable approximation to the scenarios that will end up prevailing.
The most notable thing, in view of the situation of the public accounts that concerns us here, is that although the economic recovery begins in 2021, with the consequent increase in tax collection, the large initial imbalances will not be reduced: at the end of the year , the public deficit will be very close to tripling the limit of 3% of GDP established by the Stability and Growth Pact (PEC), while the public debt, which already doubled the limit of 60% of GDP established by said Pact, will return to grow significantly. And it is good that there are strong increases in public spending, because they have prevented the destruction of productive factors and the business fabric from being much more intense. Thanks to this public deficit of 11% in 2020, the reduction in family income has been much smaller, 3.1%, than the 10.8% collapse of GDP and the sharp decline in salary costs. paid by companies, which was.
A strange phenomenon, because this still notable growth in product will be accompanied by a small increase in unemployment, which can only be explained by the unemployment hidden by the , aid to the self-employed and loans to companies guaranteed by the ICO. The public deficit would be at a still high level of of in (with a significant decrease compared to 11% in 2020), which would translate into Belgium Mobile Number List more public debt, from the historical level of of that it reached. at the end of the year 2020. It is worth emphasizing that all the previous figures on the performance of the Spanish economy in are forecasts that depend on hypotheses subordinated to relative control of the pandemic and national and global phenomena of uncertain evolution. But they serve, as long as new estimates do not refute them, as a reasonable approximation to the scenarios that will end up prevailing.
The most notable thing, in view of the situation of the public accounts that concerns us here, is that although the economic recovery begins in 2021, with the consequent increase in tax collection, the large initial imbalances will not be reduced: at the end of the year , the public deficit will be very close to tripling the limit of 3% of GDP established by the Stability and Growth Pact (PEC), while the public debt, which already doubled the limit of 60% of GDP established by said Pact, will return to grow significantly. And it is good that there are strong increases in public spending, because they have prevented the destruction of productive factors and the business fabric from being much more intense. Thanks to this public deficit of 11% in 2020, the reduction in family income has been much smaller, 3.1%, than the 10.8% collapse of GDP and the sharp decline in salary costs. paid by companies, which was.