• Labor One in three companies does not cover sick leave of its workers

Presidents, CEOs, owners, directors and directors of the national business community call on the Executive to take, in the short term, measures to "mitigate the impact of inflation on the economy."


69% of those surveyed by KPMG understand that this should be the "main priority"

of the central government in the next 12 months.

This is stated in the

prospects report for Spain

that this consultancy has prepared together with the Spanish employers' association and that includes the opinion of 560 senior managers of national companies.

The senior national executive positions consider that throughout this exercise "

structural reforms

" should be implemented to correct the weaknesses of the pillars on which their activity is sustained.

Antonio Garamendi

, president of the Spanish employers' association, maintains that a business framework must be created that offers "certainty and a stable regulatory environment" in order to consolidate "the recovery that had begun and face the threat posed by uncontrolled inflation" .

The head of the CEOE defends two lines of action on which the Government should execute the aforementioned reforms.

The first of them, "a

reduction in taxes

and fiscal incentives" that will give the Spanish economy greater "dynamism".

In line with this measure, Garamendi asserts that the " efficiency of public spending

" should be enhanced


All this, after the Institute of Economic Studies (IEE) lowered its efficiency percentage by more than 10 points, from 84.6 that it marked in 2019 to 74.4 that the indicator shows in 2021.

Since the war broke out in Ukraine, the percentage of businessmen who negatively assess the path the economy is going through has increased by 8 points.

45% of the total considers that the situation will get worse

and almost 40% of Spanish firms have already been forced to review their strategy for the current course.

Only 3% of the Spanish business fabric considers that the war in Ukraine "is not going to have an impact on their business".

"The invasion of Ukraine by Russia, and the forceful international response in terms of sanctions, draws a new geopolitical environment in a globalized and interconnected world," says

Juanjo Cano

, president of KPMG Spain.

The price of the invasion

The effects derived from the war in Ukraine mark the main concerns of the national business fabric.

Almost half of the total consider that the main risk for their business is in the

volatility of the prices of raw materials

, a category that was not recorded in the previous report.

The same happens with the

electrical supply

, which shoots up to 28% of the total.

Geopolitical tensions also climb in the ranking that limits the "main threats to the Spanish economy in the next 12 months".

Specifically, the concern for this area rises 166% in relation to the last data published by the consultant.

Despite this situation,

the sector expects its turnover to increase during the current year

, as confirmed by 80% of the companies.

In relation to investment, the models are also optimistic and 60% of firms believe that they will increase their investment.

In terms of employment, the figure drops to 50%.

"The priorities are clear. It's time to continue working along the lines set out. Because the future is up to us," says Garamendi.

Conforms to The Trust Project criteria

Know more

  • Inflation

  • Companies