La deuda, de la levitación al aterrizaje
La financiación de los Estados se encarece abruptamente estrechando su capacidad de acción
The economic downturn inevitably brings surprises, and this year is no exception. We may be witnessing a disruptive change in the ability of governments to act. Amidst the chain of wars, geopolitical threats, and climate change catastrophes (most recently the fires and drought in central Europe), governments have been able to act as a counterbalance and make investments without having to tighten their belts or raise taxes.
This has also been possible in our own country, even with extended budgets. Read more on IPC. The IPC increased by seven tenths of a percent in August to 4.3%, the highest rate in the eurozone by 1.3 points. The harmonized rate was 4.5%, surpassing the eurozone average. The resurgence of tensions in the Strait of Hormuz has driven up inflation across the EU, but the impact has been greater in Spain, influenced by the partial reversal of oil relief measures.
The underlying rate is also increasing, with a divergent trajectory: rising in Spain and falling in the eurozone.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
