MADRID, 19 Nov. (EUROPA PRESS) –
The Governor of the Bank of Spain, Luis Maria, has admitted that the macroeconomic picture accompanying the draft 2015 Budget is subject to “risks of downward deviation”, due to the uncertainties surrounding the international economy, and especially the European one.
has thus pointed Linde during his appearance at the Senate on the Budgets Committee, where he has highlighted, however, that the recovery of the Spanish economy has maintained “a firmer tone” versus “progressive weakening” of the euro area.
In this regard, the governor has reminded that the annual rate of GDP growth in the third quarter rose to 1.6% and “could” close to 2% in the final stretch of this year, a figure which could remain on average 2015. However, he recalled that this forecast is subject to the risk that there will not be realized.
Together, Linde believes that the prospects for the economy remain “favorable,” although they are not without risks . “Our economy has shown so far, resistance to deterioration in the international environment. However, we can not think that you can completely avoid loss of momentum in our international markets, particularly in the euro area,” he said.
In addition, the inner side, it is considered that the need to complete the process of debt reduction, both private and public, could undermine resilience in domestic spending.
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