Post by account_disabled on Feb 22, 2024 4:18:14 GMT -5
Inflation negatively affects businesses and households, creates uncertainty about wages and benefits, dramatically reduces income and savings, and can slow investment and job creation. Currently, inflation is a global phenomenon, the year 2021 marked unprecedented records in the largest economies. In Spain in the month of March, inflation registered an interannual rate of 9.8%, and the underlying rate (without energy prices and fresh food) of 3.4%, an inflation level unknown since 1985. This inflationary spiral is began a year ago caused by the global problems of industrial supply chains, the virulent escalation of energy prices and their transfer to production and distribution processes, and all of this has been aggravated by Putin's invasion of Ukraine . Since the beginning of the 21st century, the global economy has faced three major crises - the financial crisis of 2008, covid-19 in 2020 and the war in Ukraine this year - with many problems still unresolved from the first, such as inequality and the increase in poverty, we are still immersed in recovering from the effects of the coronavirus pandemic and with runaway inflation due to the second and third.
Crisis there was a great depression and deflation that sank demand and increased unemployment enormously. However, we are currently immersed in a process of uncontrolled inflation, and this is fundamentally a monetary phenomenon, which is why the measures taken then. As a result of economic policies based on austerity, cuts in public spending and the wage devaluation imposed with authoritarian labor reforms, workers lost purchasing power and increased inequalities. According to the National Institute of Statistics, the Costa Rica WhatsApp Number CPI rose from to , however in the same period the salaries agreed in collective agreements grew by 12.58% and the average salary only increased he Gini coefficient, which measures inequality, with zero being zero inequality and 100 being total inequality, has gone from in to in , in it reached , the reduction occurs coinciding with the increases of the SMI made by the Government, which representbetween 2018 and 2020. The SMI, a lever for fair recovery To confront the effects of the war in Ukraine, the Government has launched a set of actions included in Royal Decree-Law 6/2022, of March 29, which adopts urgent measures within the framework of the National Response Plan to the economic and social consequences and to support the most vulnerable groups (the IMV is expanded) and the most affected productive sectors (through ERTE and the maintenance of employment), guarantee supplies and lower the prices of fuel and electricity .
The Plan plans to mobilize 16,000 million euros of public resources, million of them in direct aid and tax reductions, and 10,000 through a new line of guarantees managed through the ICO. At the same time, it is proposed to accelerate the investments of the Recovery, Transformation and Resilience Plan. In parallel with the approved Plan, the Government has been promoting an income pact with CEOE, CEPYME, and UGT to fairly distribute the effects of the war and preserve as much as possible the path of growth and job creation that began already in 2021. The intention is that a response should be given to three fundamental issues, specifically, to address the evolution of salaries, business benefits and dividends, and support measures for vulnerable groups. The social partners have been expressing their predisposition to the income pact, proposed by the Government, to avoid an inflationary spiral, although they have expressed some of their demands: businessmen insist on expanding aid to companies and oppose new increases in taxes and the unions propose three areas of action: salary, energy and tax, along with improvements in social protection, because they consider that only a salary agreement is not an income pact. The impact of the inflationary escalation on income could be around 70,000 million euros According to estimates made public, the impact of the inflationary escalation on income could be around 70 billion euros due to the reduction in the purchasing power of salaries and savings.
Crisis there was a great depression and deflation that sank demand and increased unemployment enormously. However, we are currently immersed in a process of uncontrolled inflation, and this is fundamentally a monetary phenomenon, which is why the measures taken then. As a result of economic policies based on austerity, cuts in public spending and the wage devaluation imposed with authoritarian labor reforms, workers lost purchasing power and increased inequalities. According to the National Institute of Statistics, the Costa Rica WhatsApp Number CPI rose from to , however in the same period the salaries agreed in collective agreements grew by 12.58% and the average salary only increased he Gini coefficient, which measures inequality, with zero being zero inequality and 100 being total inequality, has gone from in to in , in it reached , the reduction occurs coinciding with the increases of the SMI made by the Government, which representbetween 2018 and 2020. The SMI, a lever for fair recovery To confront the effects of the war in Ukraine, the Government has launched a set of actions included in Royal Decree-Law 6/2022, of March 29, which adopts urgent measures within the framework of the National Response Plan to the economic and social consequences and to support the most vulnerable groups (the IMV is expanded) and the most affected productive sectors (through ERTE and the maintenance of employment), guarantee supplies and lower the prices of fuel and electricity .
The Plan plans to mobilize 16,000 million euros of public resources, million of them in direct aid and tax reductions, and 10,000 through a new line of guarantees managed through the ICO. At the same time, it is proposed to accelerate the investments of the Recovery, Transformation and Resilience Plan. In parallel with the approved Plan, the Government has been promoting an income pact with CEOE, CEPYME, and UGT to fairly distribute the effects of the war and preserve as much as possible the path of growth and job creation that began already in 2021. The intention is that a response should be given to three fundamental issues, specifically, to address the evolution of salaries, business benefits and dividends, and support measures for vulnerable groups. The social partners have been expressing their predisposition to the income pact, proposed by the Government, to avoid an inflationary spiral, although they have expressed some of their demands: businessmen insist on expanding aid to companies and oppose new increases in taxes and the unions propose three areas of action: salary, energy and tax, along with improvements in social protection, because they consider that only a salary agreement is not an income pact. The impact of the inflationary escalation on income could be around 70,000 million euros According to estimates made public, the impact of the inflationary escalation on income could be around 70 billion euros due to the reduction in the purchasing power of salaries and savings.