The Government has raised its growth forecasts by a tenth, to 2.2% this year and 1.9% by 2026
The Vice-President and Counsellor for Economy, Employment and Employment, Mikel Torres, has stated that the Basque Country "has a strong economy, ready to meet the challenges of the future and capable of adapting to any international uncertainty." Contration will be key to domestic demand.
The Basque Government has raised its economic growth forecasts for this year and next by a tenth compared to the forecasts made in June, so that the Basque economy will start 2.2% this year and 1.9% in 2026, as announced by the Vice-President oftheBasque Government and Counsellor for Economy, Employment and Employment, Mikel Torres.
After the weekly meeting of the Governing Council, Torres has stressed to the media that Euskadi is "ready to face thechallenges of the future and a strong economy capable of adapting to any international uncertainty. "
The revision of the annual accounts of 2023 and 2024 shows that the Basque economy grew more than expected : 3.0% in 2023 and 2.5% in 2024, three tenths higher than the initial accounts. This result, in the opinion of the Economic Adviser, "underlines the ability of the Basque Country to withstand the economic pulse in a difficult international environment, especially in countries key to our exports, such as Germany and France."
The Councillor has pointed out that this upward revision of growth forecasts "reflects the strength" of economic activity in the Basque Country. "The Basque Country has been able to maintain its course in an uncertain international context, and today we can confirm that we will undertake the coming years with confidence and a solid foundation to continue to create opportunities."
Job creation
The main cause of this growth will be domestic demand . Domestic consumption is expected to increase by 2.7% by 2025, thanks to improved employment and more moderate inflation. Investment is also maintained in positive figures, with estimated growth of 3.1%, based on better financial conditions.
Although the externalsector's contribution will be more limited , exports show signs of recovery, with increases of 2% by 2025 and 3% by 2026.
In addition, 14,000 full-time jobs are expected to be created by 2025, which will reduce the unemployment rate to 6.4 per cent. According to Torres, this "will help strengthen social cohesion and the well-being of citizens."
You might like
Entertainment technicians call for three strike days at parties in the three Basque capitals
The mobilizations, which will take place on 5, 14 and 26 August, are supported by the Gasteiz Txosna Commission, the Donostia Pirates and Bilboko Konpartsak, who want to denounce the "lack of progress" in improving working conditions in the sector.
The current power of self-consumption of electricity in the Basque Country is 27 times that of five years ago
At the opening of the Vidrala photovoltaic plant, the Industry Advisor stressed that this self-consumption will help reduce dependence on fossil fuels.
SMEs could join the indefinite state strike in September despite an agreement with Osakidetza
They explain that with the agreement signed on Monday, some of the requests that doctors made specifically to Osakidetza have been settled, that their position on the Framework Statute has not changed, that they still disagree, and that the possibility of a strike remains on the table.
It will be news: the conflict between doctors, the heat at the forefront and 34. Presentation of the Euskal Encounter
In two words, a summary of what will be news of the Present today.
U.S. justice halts the merger of Paramount and Warner for 14 days
A coalition of 12 states in the country filed a lawsuit to stop the process because of the potential monopoly risks it poses.
The Aiaraldea Industry Bureau presents the conclusions of a reflection process that has lasted at least a month
The institutions that make up the Bureau, companies, economic and social actors and political representatives see in the Alavesa region "sufficient capacity, knowledge and competitive advantages to build a new era of growth".
Will doctors continue the strike after the agreement between Osakidetza and SME?
The Medical Union of the Basque Country and the other unions that make up the State Strike Committee announced an indefinite strike from September, following the adoption of the General Statutory Framework in June. This agreement with the management of Osakidetza improves some of the working conditions of doctors, but does not meet all their demands.
Basauri will promote 362 homes until 2029, after the government declared it a tense area
The Basque Government and the City Council have presented an action plan to limit rental prices and remove empty houses.
The European Commission has fined AliExpress EUR 550 million for the sale of illegal products and counterfeits
In addition, the European Commission has required the Chinese e-commerce platform to take corrective measures to meet European standards.
All trade unions except SMEs have left the Osakidetza Sectoral Bureau
In addition to the content of the document submitted by the Department of Health, the trade unions, with the exception of the Medical Union of the Basque Country, have complained that the agreement has been bilateral between the Department of Health and the SME and negotiated outside collective bargaining.