Logrono, October 18 (.) – José Ignacio Goirigorzali, president of Banco Caixa (BME:), believes that planning is necessary, especially in order to face “structural challenges”, but he also believes that the future of Spain’s economy is said he is optimistic about growth. “Status of public accounting.”
Speaking at an economic forum hosted by La Rioja newspaper this Friday, Goyrigorzali called for boosting Spain’s productivity in order to “finance the welfare state”.
Caixa Bank’s president said that “substantial reforms are needed” to revitalize Spain’s economy. “I don’t know if I will propose reducing working hours first,” he said.
“A few years ago I was optimistic when we were told that a catastrophe would occur, but Spain’s growth has actually exceeded that optimism. Growth this year continues at 2.8% and will continue for the next two years. “will exceed 2%,” he predicted.
Goiri-Gorzali said it is desirable to be “optimistic not out of naivety but out of moral obligation.”
The president of Caixabank reflected on what has happened since 2008, including the financial crisis, the pandemic, and geopolitical changes, and pointed out that after overcoming all these situations, “people can have a reasonably good sense of self-esteem.”
But he recalled that Spain must face “related challenges”. In his opinion, “the biggest weaknesses in our economy are our public accounts, our public deficits, our debt,” so “we need a plan, but we need a plan for us, not to send it to Brussels.” .
Furthermore, he emphasized that “per capita income has hardly increased” over the past 10 years.
“This will lead to increased productivity, but it will not be driven by demand, but by supply policy,” he stressed.
The president of Caixa Bank advocates for a “radical” increase in housing supply in Spain and the best possible integration of immigrants as a means of improving pensions.
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