Spain’s recovering economy could grow as much as 2.5 percent this year if oil prices and the euro stay low, the economy minister said in an interview published yesterday.
The government says its tough austerity measures have started to strengthen the economy, which officially emerged from recession in 2013 and grew an estimated 1.4 percent in 2014.
For 2015, “we are conscious that our current forecast of two percent is lower than the market consensus,” the newspaper Expansion quoted Economy Minister Luis de Guindos as saying.
That forecast was calculated before the recent plunge in oil prices and a decline of the euro against the dollar, which can give Spain’s domestic activity and exports a boost.
“If the oil price and the exchange rate stay at these levels, we will have additional growth of 0.5 percentage points, and that is a cautious estimate,” Guindos said.
The content of comment is the opinion of users and netizens and not of mallorcadailybulletin.com.
Comments contrary to laws, which are libellous, illegal or harmful to others are not permitted');
mallorcadailybulletin.com - reserves the right to remove any inappropriate comments.
Please remember that you are responsible for everything that you write and that data which are legally required can be made available to the relevant public authorities and courts; these data being name, email, IP of your computer as well as information accessible through the systems.