The Basque Government maintains “cautiously” the forecast of GDP growth at 6.7% for 2021. The Executive foresees, in addition to GDP growth, that unemployment will stand at 10.3% this year and fall this year coming.
The Lehendakari Iñigo Urkullu advocates that the TAV comes into operation as soon as possible, “if it can come into operation while the Bilbao and Vitoria entrances are being built, I advocate that it come into operation, that is the important thing.”
This was stated during his speech at the New Economy Forum, where he reviewed the economic prospects for “a moment” that he described as “cautious hope.”
The Basque Government maintains “cautiously” the forecast of increase of the 6,7 % for 2021, after a 3.8% year-on-year increase in the third quarter of this year. In addition, the autonomous Executive provides that the unemployment rate is located this year in the 10,3 % and “it may fall” to 9.5% in 2022, as the Lehendakari, Iñigo Urkullu, stated this Friday in Bilbao.
“We are maintaining, for the moment, the growth expected at 6.7%, although uncertainties persist that require caution, such as the price of energy, the lack of industrial supplies or the rebound in inflation,” he said.
The lehendakari has added, however, that “the indicator of economic sentiment it has improved in October. “He specified that” within this framework of cautious hope “the forecasts for 2022 are for” positive growth of the Basque economy, with an increase in Gross Domestic Product of 6.4% “.
Regarding the labor market, he stated that “the intense increase” in Gross Domestic Product has brought with it “a recovery of part of the job lost in the first months of the pandemic.” For this reason, he has advanced that the forecast is that next year 10,800 jobs will be created and the unemployment rate will consolidate below 10%, “fulfilling the nuclear objective” of the Government Program.
Iñigo Urkullu has referred to the data on the evolution of the economy in the third quarter of 2021, with a year-on-year GDP growth of 3.8% in the BAC, compared to 3.7% in the euro zone and 2.7% state media. Meanwhile, he pointed out, in the United States the interannual growth is 4.9%.
Urkullu has made an assessment of the economic and social consequences that the pandemic has caused in Basque society and has stated that the Executive “is aware of the new reality” faced by citizens, before which, he has assured that his priority “is he social relaunch and economic of Euskadi, as well as social cohesion. “
The Lehendakari has shelled the “tools” To achieve this objective, the Berpiztu Plan or the Euskadi Next plan to attract European funds, among others. Likewise, he stressed that the framework for the application of these tools is also defined: “the 2030 Agenda and the Sustainable Development Goals”, all of this, with the criterion of “sustainability” as the axis.
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