- During the presentation in the Congress of Deputies of the macroeconomic chart that accompanies the General State Budgets, Ana de la Cueva emphasizes the Government's commitment to fiscal commitment and social cohesion
- Spain will continue to lead economic growth in the euro zone in 2019, with a forecast of GDP increase of 2.2%
- In the last year, job creation increased by 3%, the highest rate since the beginning of 2016 and higher than the expected growth of the Spanish economy
- Unemployment fell by 12.28% in 2018 to 14.45%
The Secretary of State for Economy and Business Support, Ana de la Cueva, has appeared today before the Economic Commission of the Congress of Deputies to present the macroeconomic chart that accompanies the General State Budget (PGE). The main messages of his appearance are:
All national and international organizations agree that Spain will maintain sustained growth in 2019, above the eurozone
The Spanish economy will continue to lead growth in the euro zone in 2019, with a forecast of 2.2%, higher than expected for our main community partners.
The International Monetary Fund (IMF) has revised downwards the global growth forecasts and has maintained its estimate for Spain at 2.2% in 2019 and 2.5% for 2018, in line with those of the Spanish Government.
One of the most relevant aspects is the remarkable creation of employment in the last year, particularly dynamic in the fourth quarter, with a year-on-year increase of 3%, the highest rate since the beginning of 2016 and higher than the expected growth of the Spanish economy. This good evolution has allowed unemployment to be reduced by 12.3% in 2018, with the unemployment rate standing at 14.5%. Pending the data to be published shortly by the INE, the good data on job creation in the last quarter has allowed AIReF to revise its forecasts upwards for both the fourth quarter of 2018 and the first of 2019, which It stands above 0.7% in both cases.
The markets have been showing their confidence in the Spanish economy
The strength of economic growth and investor confidence in our country is evident in the positive evolution of Treasury issues and auctions.
This confidence in the Spanish economy was revealed with the record of demand in euros achieved by the public treasury in the auction held last week.
The Government has a clear commitment to deficit reduction and an active policy to face future challenges
The forecasts contained in the macroeconomic chart that accompanies the PGE project as noted by Airef "are prudent and plausible."
"The deficit objective shows the Government's commitment to fiscal consolidation and the reduction of the public deficit," said the Secretary of State.
The economic policy of the Government is committed to accompany fiscal consolidation and the fulfillment of international commitments of a clear commitment to inclusive growth that guarantees social cohesion and the promotion of a productive and social model that is able to meet the challenges from the future.
