Economists rate Valencia’s situation better than Spain’s

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According to the quarterly survey conducted by the association that groups this group in the region, Valencian economists have more confidence in the state of autonomy than in Spain as a whole. Special, 51.7% of respondents believe that the current situation of the Valencian economy is good The rate of those who evaluated it as average (46.3%) or very good (5.4%) was 25.1%, the rate of those who evaluated it as bad was 20.4% and the rate of those who evaluated it as very bad was 2.9%. These professionals give an average score of 5.45 out of 10; This is a higher score than the 5.03 score they gave to the Spanish economy as a whole. Among the members of this group, the most optimistic are young people and those from the province of Alicante, while the most pessimistic are the elderly and those from the province of Castellón.

Predictions

Regarding the forecasts, this group indicates that the Valencian economy offers better prospects than the Spaniards, with an average score of 5.17 out of 10 for the next six months, with an average score of 4.94. Economists suggest that by 2024 the Valencian Community will grow faster than the country as a whole. Regarding the forecasts for the Spanish economy, 49.9% of Valencian professionals believe that the economy will worsen or become much worse in the next six months, while the rest indicate that it will remain the same or may improve. 44.6 percent think that the general economic situation is worse than a year ago, 40.2 percent think it is the same, and 14.7 percent think it has improved. In general, the “sawtooth” effect is observed between 2021 and 2023. It reflects “the post-pandemic recovery and declines caused by the conflicts in Ukraine and Gaza.”

Survey participants stated: The three main problems of the Valencian economy are inflation (62.7%) and labor costs (43.1%). and the insufficient size of Valencian companies (40.6%). Behind these, other problems arise such as infrastructure and communication gap (37.7%), fuel price (32%), demand development, unemployment and water scarcity (13.7%).

Taxation

It was also asked whether inflation would be fought. Maintain fiscal measures regarding taxes on certain products. 38.2% expressed a positive opinion; 16.6% say they will increase them somewhat, and 14.4% say they will increase them significantly. On the contrary, 16.7% believe that it is better to reduce them, and 14% are in favor of their elimination. The research shows that women are the ones who are mostly in favor of continuing or increasing such measures.

On the other hand, when looking at the Community’s tax measures, survey participants rated Consell’s decision to reduce the Inheritance and Gift tax as 4.13 out of 5; The probability of lowering the general personal income tax rate is 3.85 points. If the latter were applied only to the lowest income earners, the score given would be 3.38. Creating new cuts to personal income tax to encourage health and fitness spending received 3.35 points.

living space

This latest survey includes five questions on housing policies, related to housing policies. Reduce taxes and tax treatment on home purchases. 85.8% find it interesting, quite interesting or very interesting. On the other hand, municipalities’ land incentives for mass housing purposes have a support rate of 83.2% (between interesting, quite interesting and very interesting). This figure drops to 73.2% when councils or local bodies are proposed to build rental homes. Updating the VPO’s maximum price module and the ease of coordinating city plans between neighboring municipalities received 79.9% and 86.7% support, respectively.

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