SANTA CRUZ DE TENERIFE, Oct. 19 (EUROPE PRESS) –
The Minister of Economy and Employment of the Government of the Canary Islands, Elena Máñez, has indicated this Wednesday that the economic perspectives in the islands “are not bad” for the end of the year thanks to the pull of tourism, which will suppose a “cushion” before the uncertainty of 2023 in which a recession or slowdown in Europe is planned.
In response to two questions from CC-PNC and Cs in the parliamentary committee, he has indicated that “with prudence” and always “today” the forecasts are good for the last quarter of the year, an argument that he has supported in the latest BBVA report which sets the annual growth of the archipelago at 9.3%.
Apart from the impact of tourism, he has commented that inflation is already “beginning to fall” and may close the year below 7% and aid to the most vulnerable sectors of society will continue to be consolidated by both the central and regional governments. .
He has defended the “strength” of the Canarian economy, which presents the best employment data and Social Security affiliates of the last 14 years, but understands that it is necessary to “be vigilant” in the face of the situation of tourism-emitting markets such as the United Kingdom and Germany, due to the depreciation of the pound and the energy crisis.
Juan Manuel García Ramos (CC-PNC) has pointed out that the war in Ukraine has increased “famine” in Africa and the migratory flow and increased inflation and an energy crisis, without forgetting that Russia is an “ally” of Algeria and there are tensions in Western Sahara, for which he has not hesitated to affirm that there are “repercussions” for the Canary Islands.
Ricardo Fernández (Cs) has stressed the “uncertainty” and “weakening” of the world economy as a result of the war in Ukraine and has advanced that problems will increase in 2023 if there is a recession in the EU and tourism begins to fall.
For this reason, he has called for measures to “anticipate” a possible recession that has already begun with “signs of a slowdown” such as the drop in business confidence and less liquidity in families and companies.
