The mayor of A Coruña wanted to make an assessment of the most outstanding data from the barometer on the economic consequences of the pandemic prepared by Cadena SER in Galicia, at the initiative of the Radio Coruña Group, in collaboration with KPMG. The mayor endorses the data of a crisis that is also making a dent in the municipality.
The mayor considers that one of the government priorities at this time it must be curb the economic consequences of the pandemic so that the coronavirus does not lead to a social crisis like the one in 2008. Take advantage of the injection of European funds To reactivate employment and strengthen social protection is the key, according to Mayor Inés Rey: “I believe that this is the objective of the administrations, both the state, regional and local administrations, which will ask for what may correspond to favor for to act within the scope of our powers to protect workers, favor the maintenance of companies and the economic dynamism that is necessary to recover the rates we had before, although it is obviously a worrying situation and we will have a bad time in the coming months “.
From the survey conducted by KMPG, Only fifteen percent of companies say they have not been affected by the coronavirus crisis, but the rest do suffer the consequences, especially the fall in demand for products and services.
More than half have had to reduce their investments, a third have reduced their workforce and almost all have had to introduce changes in their activity to promote teleworking and apply new hygiene and safety measures.
Ignacio Crespo, director of the KPMG Group, highlights the importance of adopting measures that promote the recovery of the business fabric: “The prospects for the future are positive, in essential services, in everything that has to do with health and social services, which have been strengthened despite the impact and then sectors of goods and services in which the impact is no longer only important current, so are future prospects “
The economist Carlos Sánchez Tembleque predicts the recovery in about two years: “In Galicia perhaps it will not affect us in such a butal way because we do not depend so much on tourism, and especially in the metropolitan area of Coruña and northern Galicia we will probably affect less, even so the data is what it is, it is a very serious situation but I believe that in two years we will overcome it “.
The companies state that they have no financing, but they do demand tax cuts and liquidity facilities from the Administrations. They expect the situation to improve in the next three months. The barometer has been drawn up from the response of the heads of 130 Galician companies.
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