With no budget in sight and uncertain parliamentary alliances, the start of the new school year is looking complicated for Pedro Sanchez. The Spanish socialist Prime Minister had bet on defeating the independence hegemony over Catalonia, and that is what he has been working on for a year, calculating that he could draw new momentum from it on the national political scene. But the strategy has not proven itself for the moment and he is slow to reap the benefits.
In the meantime, the government is approaching the autumn with the tranquillity of solid growth, with 2.4% expected this year and 2.2% in 2025, a performance significantly higher than that of the eurozone. Rarely has Spain’s economic situation been so peaceful. The momentum of tourism is not waning, with 12% more visitors between January and July, awaiting the summer figures which should once again break records. And unemployment, Spain’s usual Achilles heel, continues to decline.
