SPAIN has announced that it will raise its economic growth forecast for 2018 to at least above 2.5% from the current prediction of 2.3%.
“The projections that will accompany the next budget will include for sure a revision upwards of the growth rate,” said Economic minister Luis de Guindos during a conference to mark Spain Investor Day., “the scenario is a growth rate clearly above 2.5 pct.”
It comes after Madrid cut its forecast during the Catalunya crisis in October.
If the problem is resolved efficiently, the government says it expects to raise its forecast further.
- OPINION: Justice at last! - 21 Jul, 2019 @ 04:39
- SIMPLY THE REST: Driving through Spain this summer? Here are the best boutique hotels to stop at en route - 20 Jul, 2019 @ 09:05
- Expat Marbella couple held in prison on drug and money laundering charges ‘may have links to Finland’s Hells Angels’ as more details emerge - 19 Jul, 2019 @ 15:13
- IN THE NICK OF TIME: Irish man arrested at Malaga airport check-in desk donning €28,000 Rolex he reported as robbed in Marbella a day earlier - 19 Jul, 2019 @ 12:41
- Expat stumbles upon TWO sets of human remains on Spain’s Costa del Sol during morning stroll - 19 Jul, 2019 @ 12:15
- Conservative deputy mayor arrested after police find HUNDREDS of marijuana plants growing in his home in Spain’s Andalucia - 18 Jul, 2019 @ 17:13
- Expat Marbella restaurant owner and bikini-model girlfriend arrested on money laundering and drug charges as Costa del Sol home raided - 18 Jul, 2019 @ 16:09
- MUST READ: How to survive a rip current following deaths of two swimmers on Costa del Sol beach - 16 Jul, 2019 @ 11:43
- Man becomes second to die off Costa del Sol beach in just 15 days - 15 Jul, 2019 @ 16:35
- BRACE YOURSELVES: Hot winds to bring temperatures of up to 39C on Spain’s Costa del Sol TODAY - 15 Jul, 2019 @ 10:27
