The Government has already begun the transition from the story about the impregnable strength of the Spanish economic recovery, on which the Vice President of Economic Affairs, Nadia Calviño, has insisted so much, to another somewhat darker scenario of an economy in crisis due to the war in Ukraine, in which Spain still shows a significant resistance capacity. For a few days the President of the Government, Pedro Sánchez, has added the construction ‘economic crisis’ to his public speech and this Monday he has taken a step further by admitting, in an event organized by the Ministry of Inclusion and Social Security on the Minimum Vital Income, the existence of “an economic crisis at the gates of Europe.”

The future of the economy seems to be tinged with clouds.

Sánchez, however, has used that reference to praise the “formidable” employment data made public this Monday by the Ministries of Labor and Inclusion and Social Security, which have shown a drop in unemployment by 42,409 people and the incorporation of 115,607 new affiliates to Social Security records. The president has stressed that these figures indicate that today there are already 740,000 affiliations – the Social Security data records registrations of affiliation not affiliated people as such – with an indefinite contract than before the pandemic.

It has not stopped there but has taken advantage of the circumstance to question one of the argumentative lines of the PP’s economic policy, which ensures that job creation is the best possible social policy. In the opinion of the president, the management of his government shows that it is possible to create quality employment (due to the high percentage of indefinite contracts) and also develop social policies such as the Minimum Vital Income. The president has also said that the claim that job creation is the best possible social policy is nothing more than “an excuse to either create precarious employment or to justify cuts in the welfare state.”