Madrid Business Forum predicts ‘possible recession’

Many analysts are already warning After the summer comes a “perfect storm” some are waiting for us quite complex months in economic matters. this energy crisis from the occupation of Ukraine or raised Inflation could push Europe into recession before the end of the year.

Hilario Alfaro, head of the Madrid Business Forum organization, spoke in this direction, stating that the measures taken by the government to deal with the possible consequences of the crisis were insufficient. measures such as window blackout anyone limit air conditioner temperature They are not seen as a useful tool. In this sense, he asked the Director to “preach by example.”

The Madrid Business Forum organization, along with other economic institutions, predicts that the prospect of Spain going into an economic recession is not so strange. Forecasts show that this could happen in the last quarter of 2022 and the first quarter of 2023. Germany’s weakness and American recession as a foretaste.

analysis carried out by The government forecasts economic growth of more than 4% for 2022 this year and more than 2% for 2023, so they may not be able to catch the foreseeable recession that comes soon. This concern has reached the banking industry as well, because large banks also rule it. indications of the possible existence of this recession in spain.

like a big bank Caixabank confirms it doesn’t “exclude” recessionMajor companies like Mapfre assure that they are recording “an increase in signs of future recession”, although Spain’s gross domestic product continues to rise 3.6% for this year, while 2.5% for the year ahead.

Source: Informacion

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