The Basque Country will recover the level of GDP prior to the pandemic this year and Navarra will surpass it
In addition, the economy of the Basque Autonomous Community and Navarra will grow by 1.4% this year, above the average for the Spanish State.
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Euskaraz irakurri
Euskaraz irakurri: EAEko ekonomiak pandemic aurreko maila berreskuratuko du aurten, eta Nafarroak gainditu egingo du
The economy of the Basque Autonomous Community will recover its pre-pandemic GDP (Gross Domestic Product) figures in 2023 and Navarra, for its part, will exceed its pre-pandemic figures, according to forecasts released this Monday by Funcas. Navarra already managed in 2022 to return to the level of activity registered in 2019.
He estimated growth of the GDP of Euskadi and Navarra is 1.4%, above the average for the Spanish State.
The rate of inflation it was 8% in the Basque Autonomous Community, four tenths less than the State average. In contrast, in Navarra the increase in prices was 8.8%, four tenths above.
Regarding the labor market, the unemployment rate it would be reduced this year to 7.9%, “the best record” in the State. Navarra will register a drop in the unemployment rate to 8.9%.
According to Funcas forecasts, “the favorable structural positioning of industry and services” will make the Basque Autonomous Community one of the “most benefited by the European funds. As for Navarra, the weight of the sectors that are going to see more benefit from the boost of European funds, both within industry and services, is “high”.
Source: Eitb
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