Reuters logo
Spain boosts 2014 GDP growth forecast to 1.2 pct from 0.7 pct
April 30, 2014 / 11:46 AM / 3 years ago

Spain boosts 2014 GDP growth forecast to 1.2 pct from 0.7 pct

MADRID, April 30 (Reuters) - Spain on Wednesday said its economy would grow by 1.2 percent in 2014, revising up a previous forecast for a growth of 0.7 percent, while this year’s deficit would be cut to 5.5 percent of GDP and unemployment would fall to 24.9 percent by year-end.

Economy Ministry Luis de Guindos, speaking at a news conference after the weekly cabinet meeting, said Gross Domestic Product growth would accelerate over the next three years, with a projected a rate of 1.8 percent in 2015, 2.3 percent in 2016 and 3.0 percent in 2017.

Treasury Minister Cristobal Montoro said Spain’s public deficit would be 5.5 percent in 2014, beating a Europe-agreed target of 5.8 percent, and debt would total 99.5 percent of GDP at year-end. (Reporting by Andres Gonzalez and Fiona Ortiz, writing by Julien Toyer; Editing by Paul Day)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below