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Editorial: El Mundo

  • The stagnation of Spanish productivity and the increase in labor costs question the government's economic success story.
  • The combination of aforementioned factors means the labor costs have increased with insufficient improvement in the generated value.
  • This imbalance limits the ability to sustainably raise wages and threatens competitiveness.
  • The Spanish government needs to respond to these concerns rather than boasting about decontextualized growth figures.
  • Inflation further creates a discrepancy between the official figures and the real economy.
  • The government has the obligation to explain the evolution of real wages and the difficulties in housing access.

Conclusion: Sánchez cannot claim the credit for economic growth without acknowledging and addressing its insufficiencies, notably in productivity, competitiveness, and purchasing power.