Home ›› 25 Nov 2021 ›› World Biz

Spanish govt feels heat as economic recovery lags

AFP . Madrid
25 Nov 2021 00:00:00 | Update: 25 Nov 2021 05:03:49
Spanish govt feels heat as economic recovery lags

Spain’s leftist Prime Minister Pedro Sanchez started the year with a bullish economic outlook. Months later, he faces protests, strikes and an emboldened opposition as the recovery from the pandemic slump trails other European nations.

Gone is the optimism shown earlier this year when Sanchez forecast a strong comeback in 2021 for the eurozone’s fourth-largest economy.

The country has since faced sluggish consumption, soaring energy prices and weak growth.

“Little by little, the climate changed and clouds gathered,” said Rafael Pampillon, an economist at CEU-San Pablo University. Anger over the state of the economy is now starting to spill out into the streets.

Hundreds of auto workers protested in Madrid on Monday to draw attention to the problems the sector faces, while in the southern city of Cadiz metalworkers have been on strike since mid-November to demand wage increases.

As Christmas approaches, truckers have threatened to go on strike to protest against rising fuel prices.

×