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Spain's economic forecast to rise if Catalonia returns to "normality" - PM

Source: Reuters - Tue 14th Nov 2017
Spain's economic forecast to rise if Catalonia returns to 'normality' - PM

Spanish Prime Minister Mariano Rajoy said on Tuesday Spain’s economic output would rise between 2.8% to 3.0% year on year if the region of Catalonia returns to “normality” after Dec. 21 local elections.

Spain lowered its official forecast for 2018 economic growth last month to 2.3% from 2.6%, citing political uncertainty in Catalonia.

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* Catalonia unemployment jumps as political crisis drags on

* Bank of Spain warns of possible growth slowdown due to Catalonia