The Navarrese economy is moving towards “normality” despite the fact that the recovery is not homogeneous

The Navarrese economy is on the move “towards recovery“Despite the shadows that this is not homogeneous, the Minister of Economy and Finance, Elma Saiz, has warned, an argument corroborated by the Minister of Economic and Business Development, Mikel Irujo, for whom” we are in the first car, but not at the forefront “.

This has been stated in the presentation of the Laboral Kutxa report on the Navarre economy exposed this Friday in Pamplona / Iruña, where it is considered, although they are revisable data depending on the evolution, that Navarra will mark a GDP growth 6.7% (6.5% in Spain) in 2022 and 6.4% in the current year.

Employment growth is also expected in Navarra of 4.2% this year and 4.8% next, while the prices will rise 2.3% in 2021 and 1.5% in 2022, has transferred the director of the Department of Studies of Caja Laboral-Laboral Kutxa, Joseba Madariaga, who has made an analysis of the evolution of the Navarrese economy in recent months, of the state and international context, and the prospects that derive from it.

In this field, it has been warned of the problem that the decrease in the supply of labor can pose with the brake on immigration and the aging of the global population, which suppose “a negative offer shock“.

Madariaga has ensured that, with the health situation largely recovered, the economic situation is still in process, with weaknesses as evident in Navarra as the supply problems (which repeatedly affect the main factory in Navarra, Volkswagen) or the increase in the cost of electricity.

They did agree that the recovery of Navarra, for example in GDP, employment and industrial production, is better than the state as a whole.

With all this, the territorial director of Laboral Kutxa, Javier Cortajarena, intervened at the event, who shared his concern about the difficulties in the supply of some industrial components, which “looks like it is going to be a more persistent problem than usual. that we thought “, and has noted the” substantial increase in the price of basic products “, although it has valued the” ambitious plan “and the opportunities that European funds of the Next Generation, so that “the future will depend on the success of the use of these funds.”

With this scenario, the Minister of Economy and Finance, Elma Saiz has recognized that “the data invite us to think that the recovery is not only a wish but a reality”, although she has also warned that “it is not a homogeneous recovery nor exempt from certain risks “.

His partner in the Government and Minister of Economic and Business Development, Mikel Irujo, has also positioned himself in a moderate optimism, so that “we can say that” we are in the first car, in the locomotive, but not in the vanguard “, and has advanced that the next presentation of a shock plan related to helping companies to face the energy crisis is on this path, in which there is an ecosystem in Navarra of innovation centers and a strong business fabric that “allows us as a region to be present in all those challenges” that looming.