The current high inflation is the main short-term challenge facing the Spanish economy, acknowledges the first vice-president, Nadia Calviño, who has set the objective of placing prices below the European average, since at present little is can do to achieve a rate compatible with the 2% target set by the ECB.
During his speech at the course organized by APIE at the Menéndez Pelayo International University, Calviño explained that Russia’s invasion of Ukraine has only exacerbated inflationary tensions in the international arena
