Upward revision of GDP evolution in 2023
LOWER ENERGY PRICES, EASING SUPPLY CONSTRAINTS, IMPROVED BUSINESS CONFIDENCE AND A STRONG LABOR MARKET JUSTIFY THE IMPROVEMENT IN GDP FORECASTS, ALTHOUGH GROWTH RATES REMAIN MODERATE
Ireland and Malta will lead growth in 2023. Spain, in 7th position, growing by 1.9% y-o-y, 4 tenths of a pp more than estimated in Feb. 23
In Spain, the European Commission stresses that “labour market resilience and the implementation of the Recovery and Resilience Plan are set to sustain growth”
Inflation trend moderating in Europe. Spain, 4th in the EU with the lowest expected level in 2023
Evolution of the labor market and public accounts
LIMITED MODERATION IN JOB CREATION DESPITE SLOWING GROWTH AND PERSISTENT LEVELS OF PUBLIC DEBT ABOVE PRE-PANDEMIC LEVELS IN MOST EUROPEAN ECONOMIES
Employment in the EU will grow by 0.5% y-o-y in 2023 and the unemployment rate will remain at 6.2% of the labor force
Spain leads the top 5 countries with the highest unemployment rate in 2023
Reduction of deficit levels in the EU due to withdrawal of energy support measures
Top 12 economies with the highest level of public debt in 2023