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Home Europa Press

The Canary Islands expect to maintain their growth figures despite the “black swans”

March 8, 2022
in Europa Press
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SANTA CRUZ DE TENERIFE, March 8. (EUROPE PRESS) –

The president of the Canary Islands, Ángel Víctor Torres, maintains the growth forecasts for this year for the Archipelago, of more than 7% in terms of employment, despite the “black swans” that are yet to come as a result of the international situation generated for the war in Ukraine.

This was stated during the control session with the Government, in response to a question from the spokesman for the Parliamentary Group of Nueva Canarias (NC), Luis Campos, about the outlook for the evolution of employment in the Canary Islands for this year.

Ángel Víctor Torres stressed that the Canary Islands have recorded the best month of January and February in the last fourteen years in terms of employment, but he admitted that the international situation that is being experienced now due to the war in Ukraine does not generate more than uncertainty, and warned that when The longer this conflict lasts, the economic effect will be “tremendously relevant.”

However, he indicated that the Canary Islands maintain their growth forecasts. Thus, he advanced that BBVA forecasts for 2022 a growth in employment in the Canary Islands of 7 points and a GDP growth of 9.6 points in 2022 and 5.7 in 2023. According to Torres, with these data, the Canary Islands would be the Autonomous Community that would have a higher employment growth in 2022, since the Spanish average for this year is 4 points.

Despite these data, the president insisted that we are facing a time of “black swans”, so “we will have to see how the armed conflict evolves, which has undoubtedly collapsed the globalized world and we are not exactly an oasis in the world “.

For his part, Luis Campos agreed that February left “encouraging data” in terms of employment in the Canary Islands, but he also feared a change in evolution as a result of the inflationary spiral that is expected for the coming months and the conflict in Ukraine. In this context, the deputy defended that the Government of the Canary Islands has to contribute to maintaining the growth forecasts for the Archipelago: “If it is necessary to change, let the actions change but not the objective.”

LABOUR REFORM.

In response to a question from the socialist deputy Nira Fierro about the labor reform, the president of the Canary Islands explained that before this reform was approved, the percentage of permanent contracts in the Canary Islands was between 10% and 12%, while in the month of January accounted for 20% and in February, 27.1%, which “shows that the labor reform is committed to decent, safe and stable employment.”

According to Torres, one of the Autonomous Communities that most benefited from the labor reform was the Canary Islands; therefore, he considers that it is “magnificent news for the present and the future that we have this labor reform for our land.”



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