The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts for 2023 presented by the Canary Islands. These macroeconomic forecasts are made in a context of uncertainty that makes their assessment difficult at a national level, but even more so at a territorial level, since the latest information available on the Spanish Regional Accounts refers to the year 2020 and is not consistent with the information for the country as a whole after the statistical revisions of last September.
The Canary Islands has elaborated alternative growth scenarios for the years 2022 and 2023, establishing a central scenario, as well as an optimistic and a pessimistic one. The community’s estimates point to GDP growth that could range between 6.3% and 9% in 2022, with growth of 7.6% under the central scenario. By 2023, the figures range from 1.3% in the pessimistic scenario to 5.2% in the optimistic scenario, with 3.3% under the central estimate.
