The Institute of Economic Research of the Province of Alicante (INECA) called for measures to prevent the state’s economy from slowing down due to the consequences of the economic crisis. Report on the socioeconomic situation of the province of Alicante Corresponding to the third quarter of 2023 International Tourism And to new construction As the “big levers” of the Alicante economy. “There is a certain slowdown in the economy of the province of Alicante, which requires more than ever to increase the size of the business, promote strategic alliances and support investments with fiscal policies, labor force and regulations,” said Nacho Amirola, president of the organization. “It accelerates the transformation process.” Specifically calling for support establishment of industrial companies Without forgetting the remaining sectors, they are the ones with greater social capital and higher average size.
At the end of the third quarter of last year, a decline in the rate of economic growth was already perceived, and the province of Alicante stands out as a dynamic region, as Ineca warned. high job creationbut also The high number of job liquidations draws attention produced. According to the data provided, 159 company terminations were recorded in the third quarter of 2023, compared to 179 company closures recorded in the same period of the previous year.
This translates into less stable companies over time, making the number of employees less likely to grow, according to the same sources. If we add to this that the social capital of companies established in Alicante is lower than the average of the province of Valencia and the rest of Spain, the province is facing a crisis. vulnerability to market changes.
Quino Palací, coordinator of the Working Committee, insisted that efforts should be made to consolidate the province’s manufacturing sector, as the pace of dissolution of companies and establishment of new ones has not yet consolidated a point of balance in the sector. of your province.
Although Ineca found that the majority of socioeconomic variables had improved, it warned that the results were: markets are still inadequate to face this reality. International organizations are also disturbed by the conflict between Israel and Hamas, Ukraine and Russia, and predict that the effects of the tension in the Red Sea will be felt in the last quarter of the year.
Given this, one of the solutions suggested by the organization includes: Joint work of provincial and regional institutions “INECA works with business and social organizations to lay the foundations for actions that prevent the slowdown by promoting proposals that involve all economic sectors,” explains Amirola. Quino Palací, also coordinator of the Working Committee, emphasized that Industrial zones are losing their power when it comes to employmentTherefore, it is necessary to encourage industrial employment and increase the size of these companies.
Engines of the economy
In this content, National hotel tourism fell by 12 percentJust as the report warned. The 9.7 percent growth of the international market allowed global data not to be so negative. With this, Ineca highlights the confidence in the supported tourism sector Because of the good numbers at Alicante airport It demands that measures be taken to strengthen this economic engine of the province.
Another big lever the province is pulling is construction, and according to INECA data, a total of 1,476 new homes were approved in the province of Alicante in the third quarter, 594 more than a year ago. The indicator for new construction visas in Alicante shows a new and significant increase of 67.3% year-on-year in this quarter, while in Spain as a whole it shows, on the contrary, a decrease of -1.4%. This event has been going on for a while had been dormant for some time, was strongly reactivated and this change allowed it to regain its market share from 3.4% a year ago to 5.78% this quarter.
Added to this is the positive development of employment in the third quarter; a few positive months allow the historical series maximums to be exceeded. The Institute for Economic Research reminds us that unemployment figures are improving and remain stable at 131,000 workers; Although this brings us closer to the October 2008 data, we are still a long way from the 52,000 unemployed recorded in 2001.
Export
According to Llopis, exports accumulate in the period from January to September, total 5.319 million euros. This figure is very similar to the figure recorded in the same period last year; an improvement of only 0.6% and approximately 24.7 million euros. INECA had already expressed concern about the continued decline in foreign sales in the previous quarter, which showed a clear decrease compared to the same month in 2022.