The Valencian Community economy grew above the national average According to the latest Situation Report and Economic Perspectives of the autonomous employers’ association CEV, euro zone economies and euro zone economies in the first half of the year, but at the same time the region’s economy is “already started to slow down“. A situation in which business people demand the continuation of the status quo political uncertainty, This contributes to the slowing down of activity.
In this way, CEV Significant and continuous development of the regional economy in the second quarter of the yearIn which number? 0.5%one tenth (0.4%) above the national average and four tenths (0.1%) above euro area economies. This growthPositive trade balance contributed offers this autonomy. In fact, although the slowdown in international trade at the global level has been reflected in the development of the Community’s foreign trade, it is still the same. third largest exporting region and is the only region with a positive trade balance among the top four export regions. In other words, sales abroad exceed imports.
However, despite the good development of the second quarter, CEV warns: “From the analysis of the latest data and the perspectives conveyed by sectoral organizations, the following conclusion can be drawn: The regional economy is already on the path to slowdown“.
Therefore, from a demand perspective, the report indicates that lower global growth will particularly affect the majority of manufacturing branches, which will coincide with sales declines already observed in sectors such as footwear and toys. In this regard, he draws a “not very encouraging” scenario due to high inflation, rising financial costs, which will deplete consumption and investment, and high uncertainty in the political situation.
On the supply side, it is emphasized that companies are facing a problem. Increase in labor, energy, finance, raw material and component costsDifficulties in recruiting qualified personnel are also increasing.
For all these reasons, CEV insists that this situation must end. Uncertainties arising from an incumbent government and from the new Government and the rest of the State levelsNecessary forms and precautions “It is a program that allows the economy in general and companies in particular to improve their level of competitiveness in the domestic and international markets, increase their activities, benefit more and better from New Generation Funds and ultimately create wealth and employment.”