Thursday, March 26, 2015

Spanish Bank estimates growth of 2.8 percent in 2015 – Chicago Tribune

March 26, 2015, 11:58 am Madrid, Mar 26 (Prensa Latina) The Bank of Spain estimated the economic growth by 0.8 percent today first quarter and calculated a rise in gross domestic product (GDP) of 2.8 percent in 2015.

 The annual estimate exceeds eight tenths of the previous quarterly report and the 0.1 percent growth during the same period.

The latest newsletter of the institution expects that by 2016 the GDP growth is 2.7 percent, one tenth less than in 2015 due to attenuation of some of the impulses present today.

According to BCV growth forecasts this year are due to better conditions of program assets of the Bank . European Central, the depreciation of the euro and the fall in oil prices

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