Wednesday, May 18, 2016

De Guindos said that the GDP is growing above 3% in the half – Yahoo Finance Spain

Madrid, May 17 (EFE) .- The acting finance minister, Luis De Guindos, said today that the Spanish economy is growing above 3% in the first quarter.

in an act in which the newspaper El Mundo has given the award for “Person of Motor” President of the PSA, Carlos Tavares, De Guindos said that the economy has not slowed in the first quarter and that neither is doing in the second, so there is a “maintenance” by the inertia of 2015.

the minister also referred to the uncertainty policy, which has indicated that so far has not had an impact on the economy, but stressed that if there were such instability, growth would be higher.

in this sense, was convinced that Spanish society, “that is mature”, allow a stable government with an economic agenda that leaves behind “the worst economic crisis in the history of Spain”.

on the automotive sector, he stressed that it is “a good reference for change” in the last four years has had 10,000 million euros in investments, 6,000 of them already executed and 4,000 are still pending (Other OTC: UBGXF – news).

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