Brussels, March 8 (EFE) .- The Spanish economy minister in office, Luis de Guindos, said today that early indicators suggest that the Spanish economy will grow in the first quarter around “0.7% or 0.8%” of GDP.
“With growth at around 0.7% or 0.8%, which is where are now valuations, perfectly can achieve growth of about 3%, or very close to this in this exercise, “said De Guindos on arrival at the meeting of ministers of Economy and Finance of the European Union, the Ecofin.
De Guindos said that there are “mixed indicators” in the first quarter, in contrast to the last three months of 2015, when “all the indicators going in the same direction”.
However, the acting minister said that “the projection is that growth will be very close to that of last year.”
Asked about the message sent Monday to Spain for the eurozone, which urged the country to present as soon as a new budget that includes “additional measures” to enable it to fulfill its commitment to reduce its public deficit below 3% of GDP, De Guindos said it was the same approach that had already informed the Commission in November.
He insisted that if Spain continues to grow around 3% succeed in reducing its deficit below the 3% of GDP imposed by Community legislation, as committed to making this year.
Regarding the analysis of macroeconomic imbalances of countries presented today by the European Commission, said it expects “effectively the effort that Spain has done from the point of view of their imbalances to be recognized”.
According to the minister, this “is the fundamental reason why Spain is growing more than twice the average of the euro zone.”
De Guindos also stressed the importance of the next government, either a coalition or a result of new elections, “you know what you have to do.”
in particular, he referred to “continue the prudent reduction and proper pace of deficit and will continue with economic reforms, and not undo the reforms that have been implemented, which is what is allowing the differential growth in Spain, “he said.
for the minister, the reason for this growth lies that “measures were taken in 2012 and 2013 and would be a major mistake to undo these reforms”.
“that’s where the fundamental debate is, any government that rid the measures taken in 2012 we put in a situation of the European average, which is a growth of around 1.5% which would be aggravated as a result of imbalances in the Spanish economy, “predicted
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