As all the economic indicators that warn of the slowdown are going on, their recognition by the Government becomes more urgent. However, the Executive has no qualms about using La Moncloa as an electoral speaker from which to offer demagogic measures, impossible to apply. Such expansive policies are probably incompatible with current cooling. Nor is it an option to return to Zapatero's paths and hide economic reality without taking preventive measures to alleviate what is coming.
Yesterday the National Statistics Institute confirmed the slowdown. The growth rate has weakened down to 2% year-on-year, a figure that had not been registered for five years. It is especially worrying that one of the causes is that consumption has suffered, despite the fact that inflation has set the lowest level in three years in September. And in addition the saving of the families continues increasing, symptom of which the descent of types is not fulfilling its mission. As a climax, public debt sets a new record. The next Executive will have to face, without populism and with budgets according to the situation, a restructuring of the economic system to make it sustainable.
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