Numbers like cotton don’t lie. and grows only a very poor 0.3% in the first quarter. A brake that forces the government to take a bath of realism and lower the growth forecast for this year to 4.3%, almost three points less than the story of the Milkmaid of 7% that she had budgeted, and that nobody in their right mind judgment was believed.
They place the inflation rate at 8.4% in April and raise core inflation (excluding energy and unprocessed food) to 4.4%, an unprecedented figure since 1995. A runaway price hike that has already cost to the Spanish 16,700 million euros of purchasing power and 94,000 million in the value of their savings only in the first two months of the year while the government increased its income from tax collection by 21.4%.
The EPA for the first quarter returns us to normality and the increase in the unemployed by 70,900 people, bringing the number of unemployed to 3,174,000, to which we must add the thousands of workers in ERTE. Reduction that analysts interpret as the “beginning of a path of deterioration in the labor market” as a result of the worsening of economic activity. And with the addition that permanent discontinuous contracts, that is, part-time work, have grown by more than 500%.
The contracted data from Eurostat show that Spain grows more slowly than the rest of the countries of the European Union, which is the leader of the 27, in terms of unemployment, inflation, deficit and debt, with our indebtedness around 120% of GDP and in eve of the ECB announcing the end of debt purchases and the rise in interest rates. While, in the field of companies, capital increases have fallen by 15.5% between January and March, with data from the Axesor Business Radar, which also highlights how capital reductions increased by 109% compared to the same period last year to exceed 6,704 million euros.
A situation that is not because of Putin and the war, as Sánchez, Calviño, Montero and company would have us believe, but because of one, the absence of reforms, inefficient public spending and the stubbornness in a policy of raising taxes and interventionist. Because electricity prices in Spain have remained at historical levels since the summer and inflation closed 2021 at 6.5%, the highest rate in 29 years. Nor does Putin have anything to do with the fact that Spain is the country that increased its public debt the most in terms of GDP during the last year, up to 118.7%, and official statistics show that every day that passes with Sánchez in our government debt increases by 200 million euros.
And with the Spanish economy teetering on the brink of technical bankruptcy, the Second Vice President and Minister of Labor, Yolanda Díaz, allowed herself the cynicism of cackling that “we have improved the lives of workers” sheltered by the so-called majority unions, CCOO and UGT, resurrecting those early May of the Franco regime with the vertical unions celebrating the dictator.
Some trade union centrals that their current leaders have turned into servile apparatuses and stomachs grateful to the Government they live in, which this year distribute 17 million euros in State subsidies and to which the government has given 100 million from European Funds as a prize for his fidelity. That they are demonstrating with the Catalan independence supporters and in defense of the ETA prisoners in the Basque Country, but those who are not concerned or concerned about rampant inflation, the impoverishment of citizens, the more than three million unemployed and who continue to deaf, dumb and insensitive to the situation of refugees and workers in Ukraine.
It will be that the unemployed and the Ukrainians do not pay fees or finance shellfish. Will be.
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