2023-06-01 08:00:23
Angel Gavilanthe general director of Economy and Statistics of the Bank of Spain, anticipates that the inflation forecast for 2023 that the body will publish in June will place it “closer to 3%” than the 3.7% that he predicted in March.
This was stated in a round table with the Chief Economist of the Institute of International Finance, Robin Brooks, and the Chief Economist for Asia Pacific of Natixis, Alicia García, within the framework of the 38 Meeting Circle of Economywhich is held between Monday and Wednesday at the Hotel W in Barcelona.
Likewise, the forecast for the growth rate of the Spanish economy this year “will be around or above 2%”, compared to 1.6% in the last forecast due to the dynamics of activity that occurred in the second quarter.
Gavilán has stressed that from the end of this year and the beginning of 2024 «inflation it will rebound due to a mechanical effect” by eliminating the measures that were deployed during the energy crisis to stop the rise in prices.
On the other hand, he has called for structural reforms, “which must be with a broad consensus and vocation of permanence”, to solve the persistent low productivity that the Spanish economy has.
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