The secretary-general of the OECD, Angel Gurria, said on Friday at the Forum Europe that Spain “is sailing better” in the economic downturn that Europe and other countries in the rest of the world.
Gurria made this assessment before participating in a encuento informative in Madrid, organised by the New Economy Forúm in which it was presented by the minister of Economy and Business, Nadia Calviño, after that your organization cut last Wednesday the economic forecast for the country in two tenths, to 2.6% for this year and 2.2% the next.
The OECD advised in addition to Spain reforms as raising the retirement age to bring it closer to the life expectancy and increase the number of years listed to ensure the sustainability of the system. The agency is keen to raise the reduced VAT rate and environmental taxes, instead of increasing the taxes on the income to avoid taxation, “do not remove the appetite” to entrepreneurs.
however, Gurria wanted today to minimize the review and stressed that while the OECD has reduced by two-tenths of the growth expected for Spain, has fallen five tenths of the world economy and four to the european and stressed that the country will grow by over Europe.
he Justified the downgrade in the global slowdown and global risks, but he wanted to put a value on that “Spain is doing well”, as attested by the discussion of the projections is if you will have a deficit of 1.8% or by 2.1% when six years ago it was 10.5%, and stressed that unemployment has fallen by half and create 500.000 jobs per year.
“We’re tearing the garments by a review of two tenths, which is smaller,” he said. However, Gurría advised the Government to undertake reforms so that the recovery reaches all.
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