Spain | Challenges and opportunities for the economy

Summary

Economic progress and welfare depend in the long run on innovation, productivity, and employment. The digital revolution and the energy transition are an opportunity for Spanish society, but also a considerable challenge.

Key points

• Key points:
• Both challenges have disruptive effects on employment, occupations, skills requirements, the wage gap, inequality, and polarization, although there is no basis for claiming that they affect unemployment at the aggregate level.
• Spain must anticipate and govern expected changes with reforms that bring the country back into alignment with the most advanced societies, with more employment and productivity.
• Also by ensuring equal opportunities, enhancing the positive effects of inclusive and sustainable technical progress, making the opportunities of this new era available to all people, and reducing the costs of transition in the short and medium term.

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