The experts of the General Council of Economists celebrate that the year 2024 has closed with economic growth of 3.2% of the gross domestic product (GDP). Despite this, they ask for caution at the signs launched by 2025 on the possible relaxation, although it will lift 2.4%. It has been in the presentation of this Tuesday of the report of the financial observatory and economic keys corresponding to the third four -month period of 2024.

Economists have also warned about the increase in public debt, which has increased 2.9% in the last year to 1.61 billion euros, and have also notified that private investment remains stagnant: “Investment Private does not take off, which can reduce productivity and employment, “said Valentín Pich, president of the CGE.

The indices planned for 2025 advance some volatility in the economy, which can be translated into caution of the main economic actors due to uncertainty. “If we look at the national keys, industrial production has closed down, while the manufacturing PMI remains stable,” says Salvador Marín, director of the CGE Studies Service.

In this sense, Marín claims that “it is not only worth growing, but that growth must Labor costs. On the other hand, normative changes not only concern entrepreneurs, but also the consumers themselves by generating uncertainty about what will happen to the economy of the country and Europe.

Rates estimate

As for the IPC forecast, experts estimate a rate of 2.2% after a 2024 year that has been marked by moderation. However, economists have warned that there are “risks” to possible low interest rates “that can encourage inflation.”

As for unemployment, they position themselves with some positivity and place it at 10.4%, after 10.6% with which it closed in 2024. All this, taking into account that tourism remains up and helps to create more positions of work. In relation to this, he highlighted the role of the three million foreign workers who help to grow the economy and also provide a rejuvenation of the population.

As regards public debt, which place it in 101.9% of GDP (0.1% more than in 2024), they warn that the fact that its representation in GDP has decreased does not claim a good behavior , since in 2024 2.9%has grown, but was accompanied by the increase in the gross domestic product. On the other hand, the public deficit is located at 2.8%, three tenths more than government estimates.

Industry Law

The day has been attended by the Director General of Industrial Strategy and the Small and Medium Enterprises of the Ministry of Industry and Tourism, Jordi García Brustenga, who has presented the new Law on Industry and Strategic Autonomy. In his speech, Brustenga has defended a “state pact” to carry out the regulations.

In addition, its assessment on the law is positive and claims support in Congress: “We need this law to update it after 33 or 34 years,” said Brustenga.

The general director has defended that Spain is a country that wants to reindustrialize and be autonomous within an internationalized and globalized market, so he expects this project to end with a state pact with majority supports to last over time. With this regulation, a “balanced model with the contributions of Spain and those that adds the global market,” has sentenced Brustenga.

Housing problem

The house has been present at the Observatory. In his speech, Antonio Pedraza, president of the CGE Financial Commission, has warned that it is a problem that must be solved “immediately” because it is conditioning to employment. “Disaced prices make mobility for employment to subtract and remove possibilities for employment,” said the expert.

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Economic experts celebrate the growth harvested in 2024, but they ask for caution by 2025