BBVA forecasts growth of 2.7% for Spain in 2016 and 2017 – Investing.com Spain

MADRID (Reuters) – Despite the political standstill since the December elections, the research service of BBVA (MC ratified on Wednesday its forecast that the Spanish economy will grow by 2, 7 percent in 2016 and 2017.

“in the second quarter the economy could link four consecutive quarters with GDP growth of around 0.8 percent (3.2 percent annualized), which would provide a positive bias forecasts for 2016, “it said.

the projections announced Wednesday include upward bias in 2016 and the low in 2017.

in addition, the entity indicates that the cumulative growth could have been up to 8 tenths higher if there had not been “increasing uncertainty about economic policy observed between January and April.”

in this regard, BBVA recommends implementing ambitious reforms to increase the potential

growth bank analysts believe that the growth rate could allow the creation of around one million jobs in two years.

Disclaimer: Fusion Media would like to remind you That the data Contained in is not Necessarily this website Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and May Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. Fusion Media doesn`t bear THEREFORE any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or as a result of damage reliance on the information Including data, quotes, charts and buy / sell signals Contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.