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

Rajoy to change Spain's economic forecast

Source: Reuters - Wed 20th Mar 2013
Rajoy to change Spain's economic forecast

Spain is likely to change its economic forecasts to more accurately reflect the current economic situation, Prime Minister Mariano Rajoy commented earlier today.

"International organisations have changed their forecasts on a number of occasions and there are factors that, no doubt, will oblige us to do that ... I believe we will change our forecasts," he said during a weekly appearance in Parliament.

The government is widely expected to update forecasts for a 0.5 percent contraction in gross domestic product (GDP) for 2013 in April when it passes its new economic forecasts to Brussels.

Most analysts expect a contraction of around 1.5 percent this year.

However, yesterday a forum made up of Spain's 17 top Business CEOs met in Madrid, where they said how they expected to see the country's GDP contract 0.3% in Q2, post zero growth in Q4, and expand 0.3% in the last quarter of 2013.

Comment on this Story

Be the first to comment on this Story !!

Recommended Items

Related Articles

Related Blogs