Thursday, June 25, 2015

Bank of Spain raises forecast rise in economy – AnsaLatina.com

MADRID, 25 (ANSA) – The Bank of Spain today raised its forecast upward from the Spanish economy but warned that could slow in the next years. The Bank of Spain placed its forecast for gross domestic product (GDP) for this year at 3.1% vs. 2.8% expected a few months ago.
The growth is driven by the domestic demand, according to its information .
forecast for 2016 remained at 2.7% and warned that the Spanish economy could slow down “once some of the recent expansionary impulses, as the decline in oil prices and the depreciation of the euro, moderate their impact on GDP growth rates. “
The Bank of Spain also rose two tenths its forecast for employment in 2015 standing at 2.9%, while maintaining the 2.6% forecast for 2016. UR / ACZ

25.06.2015 19:27


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