The Aragonese economy faced a difficult 2022 with little growth “below the Spanish average but with high quality”. This is defined by the Economic and Social Council of Aragon, which this Thursday presented its report last year, which praised the robustness of industry in the community and the reduction of inequality among the citizens of the territory.
“Last year’s economic data is slightly below the national average, but we are far ahead in the social aspect”Jose Manuel Lacierra, executive president of CESA, congratulated the last four-party government for “achieving social peace and focusing on other important issues for society.”
Turning to the purely economic aspect, Lazier highlights that the service sector is “less developed than other communities, which support their economy more on tourism” and that in the Aragonese case industry has “grown higher”. Spanish Average”. The economic map after a troubled 2022 concludes that war and inflation are the main scourges in Ukraine, with “slightly higher prices than in the rest of the country and more interesting management of European rescue funds.” With all this, according to CESA, the summary of the Aragonese economy in the last year was “less growth but with better quality”.
All these variables in the table, Lacierra considered that the Aragonese economy “must continue to support industry because it is important, and it must maintain a more stable and distributed growth”. A complex task that does not give stratospheric data, but for which the head of CESA also has an answer: “In the Aragonese case the growth is very low, because the situation immediately after emerging from the epidemic was better than in other territories. A big recovery must be made.” “Traditionally, the industry offers more stability, better human capital and offers higher salaries and longer-term jobs.” It’s done.
Towards a new labor market
The current economic situation, in a complete transformation due to the international situation, opens the door for labor relations and the labor market to undergo important changes in the future. “A clear example is the new labor reform: several years ago employers asked for more flexibility in all aspects, today they understand that stability is good for everyone,” LaCierra said.
The executive president of CESA said that finding common ground for workers and companies is a major challenge: “Today we see the paradox of almost three million unemployed in Spain, while, at the same time, many companies cannot find workers. Conditions or demands”. According to Lasierra, the European theory of a large number of unemployed without social explosion affects the structure of Spanish society: “The family system always lends a hand and it reduces the possibility of a possible explosion.”
Finally, although Lasierra does not see it as a major threat to the end of 2023, inflation continues to be one of the headaches of political leaders and economic analysts. “It is a different type of inflation because it is not produced by increased consumption, while at the same time, people maintain their level of consumption even as prices rise,” said the head of CESA.It warned that tighter policies would have a negative effect: “A rise in interest rates would sink the economy, while being an ineffective measure to stop inflation.”
