Thursday, January 1, 2015

Spain outlines growth of 2% for 2015 – The Economist

Spain outlines growth of 2% for 2015 – The Economist

The Spanish economy would create 800,000 jobs between 2014 and 2015, and would expand slightly over 2% this year despite external risks, Economy Minister Luis de Guindos said.

The Spanish Minister of Economy and Competitiveness, Luis de Guindos said today it expects growth of Gross Domestic Product (GDP) in 2015 above 2% despite risks all external.

“The economic situation has changed, recovery is a reality, but that does not mean it has left behind the crisis, and the growth rates are close to what Spain can grow medium term, “he told Cadena Ser.

” There will be job creation project that between 2014 and 2015 were created 800,000 jobs, at least. ” “That’s a change after the deepest economic crisis that has hit the country after the Spanish Civil War, and what it does is put different things,” he said.

He indicated that it will employment contracts defined , part-time, and being in a situation where any type of contract is better than no job, and the unemployment rate exceeds 20% of the active population.

“Those who have maintained their employment in these years of crisis, some 17 million, have changed their perception of the economy; has lost the fear of losing the job, now the situation is different, “said De Guindos.

About the projections of economic growth, acknowledged that some take into account external factors that could affect the forecast 2% annually, as the situation with Russia, or the possible increase in interest rates in the US in 2015.

He clarified that the low price of a barrel of oil “is very positive for Spain” and therefore there are also factors that could push up economic growth this year.

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