Calviño sees "normal" that the Bank of Spain differs from its forecasts for 2023 given the current uncertainty

MADRID, 6 Oct. (EUROPA PRESS) -

The First Vice President of the Government and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, stated this Thursday that, in a context of uncertainty such as the current one, "she is not surprised" that the Bank of Spain's growth forecast for 2023 (1.4%) differs from that projected by the Government (2.1%), and has underlined that "the important thing is what these forecasts mark": that Spain will continue to grow.

"We have the same data but we don't know what is going to happen in the future. In the coming months, the Spanish economy will be marked by what happens in the war and by how the German economy evolves, which is putting measures in place to deal with to avoid an economic slowdown that could have an even more important impact on the European economy and, therefore, on the Spanish economy", he pointed out.

Calviño, in statements to Onda Cero collected by Europa Press, stated that the Bank of Spain estimates a "very strong" growth of 4.5% for this year, higher than that forecast by the Government (4.4%), and has highlighted that all organizations expect the Spanish GDP to continue to grow next year.

Thus, when asked if she feels "unauthorized" by the fact that the Bank of Spain estimates growth for 2023 seven tenths less than that forecast by the Executive, the vice president has replied that "not at all".

"When we speak with other organizations and with the Bank of Spain, none take the fact that another has a different forecast such as a conflict or an attack, it is normal", Calviño highlighted, who has used a "saying" very popular among the economists in line with the different macro forecasts for 2023: "When there are three economists in a room, there are always at least four opinions".