Wednesday, October 1, 2014

The GDP will be close to 2% in the last quarter, according to the Bank … – La Vanguardia

The GDP will be close to 2% in the last quarter, according to the Bank … – La Vanguardia

Madrid (EFE) The rate of change .- year GDP Spanish will be close to 2% in the last quarter of this year, a rate that could also be the average growth of the economy in 2015, said today the governor of the Bank of Spain, Luis Maria Linde.

During his appearance before the Congressional Budget Committee, Linde said that the prospects of Spanish economy is more favorable than a year ago, although it has warned that the recovery scenario “is not without risks.”

In this regard, the situation has warned the external environment and on the effects of the crisis on the real and financial situation of households and firms in a context “in which they must pursue the private deleveraging and fiscal consolidation.

In any case, he has stressed that improving cyclical conditions and “significant” reduction in the risk premium and interest on the public debt have a “significant” positive impact on public accounts, “which contrasts with the negative pressure that these variables have played in recent years. “

As for inflation, Linde expected by year end rate can return to values ​​that” although very low, are positive. “

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