The Deputy Secretary of Economy of the PP, Alberto Nadal, has stated this Saturday that the latest report from the International Monetary Fund (IMF) on the Spanish economy directly points to the Government for applying "mistaken" policies in terms of housing, productivity and due to the high level of public spending.
In this document, the Washington-based organization cuts its growth forecasts for Spain to 2.1% of GDP in 2026 and 1.8% in 2027, an adjustment it attributes to the impact of the Iran war, especially due to the increase in oil prices. Furthermore, it urges Spain to adopt a "forceful" response to the housing crisis, as well as to promote labor market reforms and measures to increase productivity.
According to Nadal, the Executive's economic strategy "is eroding their purchasing power through taxes" and through an "unbridled" public spending policy. In his opinion, the report shows that the actions of the Government of Spain "are not guaranteeing" an improvement in the salaries of the middle classes.
"WE MUST INCREASE THE HOUSING SUPPLY"
The leader of the PP has attacked the Executive's management in housing matters and has stressed that "the government's housing policy is totally and absolutely wrong" for maintaining "rent control" when, as the IMF points out, "what needs to be done is to increase the housing supply." "Exactly the opposite of what the Government is doing, which only intervenes prices and reduces supply," criticized the deputy secretary of Economy of the PP in a video sent to the media.
Immediately afterwards, he has focused his message on the productivity problems of the Spanish economy, warning that without improvements in this area "there cannot be high salaries nor can there be social welfare". Among the factors that, in his opinion, hinder productivity, Nadal has mentioned "excessive regulation, high taxes and bureaucratic barriers".
To conclude, the deputy secretary has highlighted that the IMF also points out that "Spain has a problem of excessive spending" by public administrations, a situation that "makes the Spanish economy very vulnerable" and "endangers" the pension system.