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

Bank of Spain says structural reforms needed to further reduce deficit

Source: Reuters - Tue 25th Apr 2017
Bank of Spain says structural reforms needed to further reduce deficit

The governor of the Bank of Spain said on Tuesday that more structural reforms were needed to further reduce the country's public deficit, but conditions would need to remain favourable to do so.

"Reforms that increase the economy's growth potential, maintaining competition and fiscal consolidation policies, are necessary to carry on reducing the deficit," Governor Luis Maria Linde told a parliamentary committee.

Spain has agreed with Brussels a deficit target of 3.1 percent of GDP for this year, which Linde has said he expects the government to be able to meet.

Linde reiterated a forecast for 2017 Spanish economic growth of 2.8 percent and said the economy was resisting the gradual disappearance of tail winds such as low energy prices. However, uncertainties from Britain's exit from the EU remained high, he said.

The most recent indicators showed that economic growth in the first quarter of 2017 could have been greater than the 0.7 percent registered in the last quarter of 2016, Linde said.

Recommended Reading :

* IMF raises Spain's 2017 growth forecast to 2.6% as global economy recovers

* Bank of Spain sees price rises easing through 2017

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs