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Bank of Spain sees 2014 GDP up 1.2%

Source: Reuters - Wed 26th Mar 2014
Bank of Spain sees 2014 GDP up 1.2%

The Bank of Spain said on Wednesday economic data so far this year points to a continuation of a gradual economic recovery, with gross domestic product (GDP) seen growing 1.2% in 2014.

In its monthly bulletin, the central bank said Spain's public deficit excluding bank aid is expected to have reached 6.6% of GDP in 2013, overshooting an EU target for 6.5%, and falling to 5.8% of GDP in 2014, in line with the EU target.

Further Reading :

* Spain needs to 'diet' to narrow budget gap : Employers