Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain poised to grow 2.9 percent in 2016

Source: Reuters - Sun 24th Jul 2016
Spain poised to grow 2.9 percent in 2016

Spain's economy may grow around 2.9% in 2016, up from the current official target of 2.7%, although 2017 could come under pressure due to lower global growth, acting Economy Minister Luis de Guindos said on Sunday.

"New macroeconomic projections, which would be a first step prior to the elaboration of a future budget by the (next) government, point to a stronger growth rate of 2.9% in 2016," de Guindos told reporters on the sidelines of the G20 summit in the Chinese city of Chengdu.

Spain is struggling to form a government after two indecisive elections in six months.

Though de Guindos did not provide any figure for economic growth in 2017 he recognised that a slowdown in the euro zone could have an impact. The country is forecasting growth of 2.4% next year.

Madrid faces European Union sanctions for breaching fiscal rules in 2015, when it did not sufficiently cut its deficit.

Recommended Reading :

* Spain to ask EU for 2 additional years to reduce budget deficit

* Brussels lowers Spain's public deficit forecast

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.