Herrero calculates that pensions will have to be revalued at 9%, absorbing 13,500 of the 15,000 million increase in spending recommended for 2023, which leaves no room to raise the social or defense endowment. The fiscal authority rules out a recession but fears a major gas cut next winter.
Russia's invasion of Ukraine has unleashed a scenario of geopolitical and macroeconomic uncertainty that is slowing down the recovery from the crisis opened by the Covid pandemic and aggravating the rise in prices to unprecedented levels in c