South Summit 2023 | Feijóo sees economic stagnation and responds to Sánchez: “It is not true that the economy is like a motorcycle”

by time news

2023-06-08 13:32:28

The leader of the PP, Alberto Núñez Feijóo, has assured this Thursday that Spain is in a “moment of economic stagnation” and has criticized the “triumphalism” of the Executive led by Pedro Sánchez when the country has not recovered the GDP of 2019, there is a high unemployment rate and the purchasing power of families has decreased. In his opinion, the “clinical history” of the country “is not good.”

“Therefore, it is not true that the Spanish economy is like a motorcycle,” Feijóo highlighted, a few days after the Prime Minister, Pedro Sánchez, stated that the Spanish economy is going like “a motorcycle” and that the OECD has raised the growth of Spain’s GDP to 2.1% in 2023 and to 1.9% in 2024.

In his speech at the South Summit 2023 in Madrid, the president of the PP has asked for “realism” and has pointed out that those who say that food is starting to go down is that “it has been a long time since they have made the purchase.” “We are not well. The Spanish economy is stagnant,” she emphasized.

Feijóo has insisted that Spain’s “clinical history” at this time “is not good.” “We are in a moment of economic stagnation. Even the most pessimistic believe that we are in a moment of economic decline”, he stated, to remind that they have not yet recovered the GDP of 2019, there is a high unemployment rate, especially among women and youth, citizens have lost purchasing power and disposable family income has fallen.

Along these lines, the ‘popular’ leader has advocated “thinking about economic growth to get out of the situation” in which Spain finds itself. In his opinion, “either we grow or we fall further behind” and, in this scenario, companies play a fundamental role. For Feijóo, a country “is known” by “the brands of its companies.”

“They are not going to hear from me a disqualification of the people who undertake”, he said, before assuring that if the businessmen “earn money”, he will be “very satisfied” that they can “collaborate” with society to finance Education or the Health. Of course, “with some proportionate taxes.”

The year 20230 “is tomorrow”

Feijóo has reflected on the challenges of Spain for 2030, “which is tomorrow”, in the economic field and, after his diagnosis, he believes that “there is only one possibility: to grow up”. “But healthy growth, not financed by debt and not employment growth thanks to public employment”, he added, although he did show himself in favor of increasing public employment in Health, Education, Defense or the Interior.

The ‘popular’ leader He has emphasized that his approach is based on “realism, reforms -educational or aimed at controlling the country’s accounts, among others- and collaboration.” In addition, it has promised to streamline the Administration, to an Education “with little ideology and high quality”, to a “better orientation of public spending”, to provide “fiscal incentives for those who take real risks”, to a tax system that manage to increase employment and recruitment and promote business dynamism.

The role of startups

Feijóo has also referred to the recent approval of the Startup Law, which the PP supported. In the first place, he wanted to focus on the assertions that the Government “has had an opposition that has not collaborated” with him and has given the example of precisely that initiative, which went ahead with consensus.

On the other hand, it has promised to “develop it” if it governs, speeding up the regulatory development to favor the creation of this type of companies or creating a forum for emerging companies, among other proposals.

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