For the first time since spoken recovery of the Spanish economy, the Bank of Spain describes a scenario that is not optimistic. It does in its Monthly Bulletin September. Detected in the third quarter, the Spanish economy is not doing as in previous months. The household consumption and business investment “has a less expansionary” says is his analysis of the recent evolution of the Spanish economy.
No conclusions, reviewing the indicators available in the third quarter and are not positive in general. Households and businesses are less optimistic . Shopping trade down and hire some more and upload less slows. Investment companies also moderates in equipment and construction. Industrial activity takes less, “pointing to a moderation in the pace of growth.” The exception is tourism , which went well during the summer. And job creation, which was noted in the first part of the year, slowed in the summer.
This contrasts with the optimism of the Government on Friday increased its forecast growth for this year and next. The government will forecast that by 2014 the economy will grow 1.4% in 2015 and increase by 2%. In both cases, two points more than the forecast that the government had so far.
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