Editorial: La Vanguardia

• The Spanish economy leads growth estimates in Europe for this year and next, and will be the second fastest growing advanced economy, with a gross domestic product increase of 1.9% in 2024 and 2.1% in 2025
• Consumption is a key growth engine, aided by tourism, exports, investments from the Next Generation European funds and the expansion of public spending
• However, there is concern for the medium and long term due to climate change, which according to the Potsdam Institute for Climate Impact Research, will reduce the potential growth of per capita income by 17.8% until 2049
• The increase in temperatures will affect agricultural and labor productivity and cause a reduction in per capita income
• Urgent and intense action plans are needed to mitigate the impact of climate change on the economy, and an increase in investment

Conclusion: Addressing climate change and planning, investing and acting to mitigate its effects is essential for Spain's economic future

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