The Spanish Prime Minister Mariano Rajoy on Monday again raised to the 2.9% growth forecast of GDP by 2015, up from 2.4% previously forecast this year, after 1.4% in 2014.
The head of the Spanish government again raise Monday until forecasting 2.9% growth in Gross Domestic Product (GDP) by 2015, compared to 2.4% expected earlier this year, after 1.4% in 2014.
“This year 2015 the growth of the economy will be 2.9% of GDP for next forecast will be of the same tenor year,” said Rajoy in an informative breakfast, ensuring that Spain “will be the economy of the euro’s growing among large”.
“That growth forecast assumes that this year will create more than half a million jobs,” he added stressing, in an election year, that for
The Bank of Spain had already raised its own forecast “these forecasts are met,” his government “will maintain the reform momentum.” late March growth for 2015 to 2.8%, but it showed slightly more pessimistic in 2016 predicting 2.7%, since “some factors currently stimulate” the economy, such as the reduction of oil prices and the fall of the euro, should be attenuated , the regulator said.
After five years of recession or stagnation caused by the bursting of the housing bubble violent in 2008, Spain returned to the growth path in 2014 with an increase of 1.4% of GDP.
Driven by household consumption, which exploit the best financing terms offered by banks supported by the program of asset purchases by the European Central Bank (ECB), growth has a beneficial effect on employment.
The country continues to suffer, however a very high unemployment rate of 23.78% in the first quarter of 2015.
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