Not even with the data of a state body in hand that has just contradicted him does the Government stop launching its speech marked by obscene triumphalism. Moreover, paradoxically, yesterday he echoed the corrective data published by the National Institute of Statistics (INE) without this diminishing the intensity of his propaganda one iota. Thus, in its latest report, the INE has drastically reduced the growth figure for the Spanish economy in the second quarter of the year: from 2.8% initially estimated to 1.1%. There has been a variation in the growth rate of 1.7 points downward, and for the Ministry of Economy, such amendment not only does not represent a sign of concern but also

invites us to read it as confirmation that we are on the road to recovery.

. It seems like the redoubling of some desperate bet, instead of attending to the conclusions of an organism that decisively influences the future of our economy. The maintenance of hypocrisy after fitting such a thick correction does not invite optimism.

Due to the worrying impact of this attitude on the real economy, the Government should prepare now to rectify and launch greater prudence. Vice President Calviño has been spreading an immodest euphoria for some time, whereby at the end of this year - we will still be suffering what we hope will be the last blows of the pandemic - we would return to pre-COVID economic levels. That is simply a lie. But while the Government has repeated this slogan as a mantra, numerous prestigious institutions, such as the Bank of Spain itself, made calls for prudence and set more realistic objectives, such as pointing out that this recovery could arrive in the middle of the year 2022 One can only conclude that the Executive has conscientiously inflated a kind of dangerous rhetorical bubble,since the management of economic expectations cannot be subordinated to

the electoral strategy

if you don't want to pay a huge boomerang effect. In the absence of greater rigor, only the figures that suited the official discourse have been displayed and an image of the economic management of a country that does not find correspondence with what is perceived by citizens on a day-to-day basis has been sold. On this distortion, companies and investors have modified their strategies, have relied on their viability and faced projects to eventually run into a reality that has had nothing to do with what was announced.

The lag in the INE forecast - mainly due to the slowdown in consumption, the service sector and manufacturing activity - shows that the recovery has not been as vigorous as it was sold.

In a legislature marked by the

discredit of the institutions as

a result of partisan interference, it would be catastrophic to continue delving into new discredit.

We live in a period of extreme volatility.

The government should start by acknowledging this, forgetting about waking up miraculous recoveries early and undertaking the reforms that the economy needs.

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