RTVE.es/AGENCIAS – MADRID
The Economy Minister Luis de Guindos, said that the Spanish economy will reach c on “slack” forecasting growth of 1.3% for 2014 as the GDP will close the year after chaining six quarters consecutive quarterly growth.
During his appearance at the Senate Finance Committee, De Guindos has insisted on the “firm tone” of recovery Spain’s economy will continue with a “more favorable medium and long term” evolution. He recalled that the composite indicator ahead of the OECD shows that Spain is in an expansionary phase firmer.
In this regard, he said that the increase of 1.6% of GDP in the third quarter year on year levels are “not seen for seven years” and insisted that the forecast of 2% increase for 2015 is “prudent” . He pointed out that there are additional factors that can boost growth, such as gains in competitiveness , which have “lasting nature” and the rise in credit flows to small businesses and families.
The minister also stressed that falling energy prices could be a savings of close to 10,000 million year. Considers that the evolution of exchange rate will favor Spain in the coming months and insists that the Treasury funds at a low cost.
De Guindos, recalled that the forecast aims to create 800,000 jobs between 2014 and 2015 and has estimated that membership continues to increase in the fourth quarter. Add that employment in construction has evolved favorably.
However, the minister said that “now more than ever essential keep the reform momentum ” and has held that ” Spain is no longer caboose of Europe “has affected the minister, while the country has stated that” today maintains an unimaginable position. “
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