Thursday, January 1, 2015

Spain’s economy recovery expected in 2015 – Azteca News

Spain's economy recovery expected in 2015 – Azteca News

Madrid, Spain .- The Spanish Minister of Business and Competitiveness, Luis de Guindos said Monday it expects growth of Gross Domestic Product (GDP) in 2015 above two percent, despite external risks mainly.

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

” There will be job creation project that between 2014 and 2015 have been created about 800,000 jobs work, 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 percent of the workforce.

“Those who They have kept their jobs during 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 two percent per year, as the situation with Russia, or the possible increase in interest rates in the US in 2015.

He clarified that the lower the price per 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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