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Home Europa Press

Torres highlights that the Canarian economy has recovered in just 22 months

February 28, 2023
in Europa Press
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Torres highlights that the Canarian economy has recovered in just 22 months
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SANTA CRUZ DE TENERIFE, 28 Feb. (EUROPA PRESS) –

The President of the Canary Islands, Ángel Víctor Torres, highlighted this Tuesday, during the debate on the status of Canarian nationality, that the economic data for 2022 not only improve the data that existed in the pandemic, but that they are better than those that had before the Pact of Flowers reached the Government.

Likewise, it has affected that in the last crisis, that of 2008, it took 132 months to recover the economy, while on this occasion, in a “more serious” situation where the Canarian economy lost almost 20 points of its GDP, it has taken 22 months to recover the economy. “Twenty-two versus 132, that’s the difference,” he stressed.

During his speech, the president highlighted that in the Canary Islands there are currently 50,000 more employees than in 2019 and the unemployment rate is 14.5%, the lowest in 16 years despite the fact that today there are 300,000 more residents than then in the Archipelago, that is, more people living in the Canary Islands and less unemployment.

Ángel Víctor Torres has admitted that the economy has improved throughout the country, but stressed that last year unemployment fell by 23% on the islands, ten times more than the average for the whole of Spain. Torres stressed that, for the first time, the autonomous community is close to the national unemployment average: less than 1.7 points, when in other times the difference was up to ten percentage points more than the country’s average.

The head of the Canarian Executive has also emphasized that in the Canary Islands there are almost a million workers (990,800), “which had never been achieved on the islands”, and despite the fact that “outside they talk about a ‘Canarian miracle’, that is not should make us fall into complacency,” Torres added.

On the other hand, Torres stressed that the number of permanent contracts has risen 46% since the labor reform and added that today there are fewer young people unemployed than before the pandemic, with a decrease of 16.5% in 2022, a 21% reduction in this mandate and a percentage (35.16%, according to the EPA) that had not been seen since 2007.

Finally, he gave an example of the successful incorporation of young talent into companies, such as the Diginnova Plan, with which there are 400 young people doing paid internships in companies and research centers related to innovation, sustainability and digital transformation.



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