Economy The Bank of Spain warns that the rise in the SMI will harm the most vulnerable workers
Economy The Funcas panel raises average inflation to 2.4% in 2021, which adds 2,100 million to the pension bill
After the historic collapse it suffered in 2021, the Spanish economy will rebound by 6.8% this year, while in 2022 the rebound that the Gross Domestic Product (GDP) will experience will be 6.6%.
It will, therefore, be
the European power that advances the most during these two exercises
.
This is the portrait that the OECD makes of the Spanish economy, an organization that today presents the update of its world economic forecasts. The first under the mandate of the Australian
Mathias Cormann
, who replaces the historic Ángel Gurría in office, and which includes this noticeable improvement in the prospects for Spain and, in general, for Europe as a whole.
In the specific Spanish case, the increase is nine tenths for this year, and another three for the next.
Very remarkable, no doubt.
There is also a very important upward revision for
Italy
and somewhat lighter for
France
.
If to this is added the reduction for
Germany
in 2021 and the slight increase in 2022, the result is as follows: the Eurozone will advance by 5.3% in 2021, one point more than what the OECD itself estimated in May, while that for 2022 the improvement remains at two tenths, with the expected rebound of 4.6%.
Sharp rise in inflation
The Organization for Economic Cooperation and Development also advances an inflation figure that is much higher than the one estimated so far: its forecast is that the CPI in 2021 will be
2.4%
, eight tenths more. And for next year it also revises the data at eight tenths and leaves it at
1.9%.
These figures are in line with those predicted, for example, by the Funcas panel, and anticipates that the Government will have to make a significant effort to fulfill its commitment to pensioners.
The president of the Executive, Pedro Sánchez, and the different economic ministers
headed
by
José Luis Escrivá
, have promised on innumerable occasions that pensions will not lose purchasing power, and given the rise in the CPI as a consequence of energy prices and light will have to update the benefits from 0.9%.
The estimated cost, in the absence of knowing what the final figure is, will exceed 2,000 million.
And all this, without taking into account what will happen with public salaries.
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