The Head of Government, Xavier Espotha defended this morning that the economic opening initiated by Andorra after the 2010 crisis has been key to the country’s growth, although he has admitted that the diversification process has not yet culminated.
The Head of Government, Xavier Espot, and the Catalan journalist Josep Puigbó, during the Business Meeting in the Pyrenees.
In a conversation with the Catalan journalist Josep Puigbo during the 37th Business Meeting in the Pyrenees, held at Seu d’Urgell, spot he remembered that at that time Andorra was facing a deep crisis, with a drop in activity and a increase in unemploymentand that the decision to open the economy allowed “to grow and diversify” instead of facing “a decade of recession”.
according to spotthe opening has generated new sectors of activity with high added value, but has recognized that the economy still relies on traditional sectors such as construction and banking. “The process has not ended. We still have to turn the economy around”, he said.
The head of government has insisted that the challenge is prepare the country for the long term and promote sectors such as innovation. In this sense, he remembered the objective to reach 7% of the innovation budget in a decade and has defended that economic growth has made it possible to generate resources to be able to invest in this transformation.
spot has also remarked that the economic transformation cannot depend only on the public sector and that the private sector needs to accompany this change. “It is much better to create wealth than to distribute poverty”, he concluded.
