AFP, Madrid :
Prime Minister Mariano Rajoy on Thursday upped Spain’s growth forecast for 2018 to “at least 2.5 percent” just months after it was downgraded over the secession crisis in Catalonia.
“This year, 2018, we will have a growth forecast of at least 2.5 percent, with the creation of 400,000 jobs,” he told a conference in Madrid.
In October, at the height of an attempt by Catalan leaders to break from Spain that caused huge economic uncertainty, the Spanish government had downgraded its 2018 growth forecast to 2.3 percent.
Last month, though, official data showed the Spanish economy had grown more than three percent in 2017 as a record year for tourism and booming exports contained the impact of the Catalan crisis.
And on Thursday, Rajoy upgraded the growth forecast for 2018 for the eurozone’s fourth largest economy.
He said that Spain in 2017 recovered GDP levels only previously seen before the severe economic crisis that hit the country from 2008.
Prime Minister Mariano Rajoy on Thursday upped Spain’s growth forecast for 2018 to “at least 2.5 percent” just months after it was downgraded over the secession crisis in Catalonia.
“This year, 2018, we will have a growth forecast of at least 2.5 percent, with the creation of 400,000 jobs,” he told a conference in Madrid.
In October, at the height of an attempt by Catalan leaders to break from Spain that caused huge economic uncertainty, the Spanish government had downgraded its 2018 growth forecast to 2.3 percent.
Last month, though, official data showed the Spanish economy had grown more than three percent in 2017 as a record year for tourism and booming exports contained the impact of the Catalan crisis.
And on Thursday, Rajoy upgraded the growth forecast for 2018 for the eurozone’s fourth largest economy.
He said that Spain in 2017 recovered GDP levels only previously seen before the severe economic crisis that hit the country from 2008.
