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“The Brexit has a direct impact in Spain, indirectly via the rest of the Union, and we have been assessing the environment in two or three tenths in 2017, “said De Guindos.
The minister also announced that the Government of Spain raised its growth forecast to 2.9% after having located at 2.7% in April. Instead, De Guindos lowered expectations for 2017, rising from 2.4% to 2.3%.
“We improved in a very cautious way projection 2016, because we are assuming that in the second half of the year will slow down, but it does not have to occur, at least in the third quarter, which may again be a strong quarter, “said the minister,
in this macroeconomic context the Government should work to develop the expenditure ceiling of the Budget 2017 following the decision of the European Commission to impose a deficit limit of 3.1% for that year.
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