Madrid.
The Spanish government upgraded its growth forecasts through 2015, convinced that the country will have better results than the Eurozone, and promised that this momentum will result in a decrease of unemployment, even at very high levels.
Gross Domestic Product (GDP) this year and Spanish 2% should grow by 1.3% next year, announced the Minister of Economy, Luis de Guindos, in a press conference to present the draft budget for 2015 Madrid so far provided 1.2% and 1.8% respectively.
Environment. Six years of crisis has hit the country, following the bursting of the housing bubble. But now, to be a headache, Spain now becomes apt pupil within the eurozone, with Germany.
Panorama. business investment, domestic demand and public works sector recover the colors, allowing the GDP advance by 0.6% in the second quarter of 2014.
Commerce. Exports continue to perform well and unemployment fell below the psychological barrier of 25% in the same period.
Eurozone. The growth of this group of 18 European countries was zero in the second quarter, especially penalized by France, whose economy is stagnant, and even Italy, which entered recession.
Challenge. “The great challenge of the Spanish economy is managing the level of unemployment,” believes Jesus Castillo, an economist at Natixis, which was too weak measures presented so far by the executive.
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