Spanish economy

Spanish economy.

08-04-2021M.A.CAÑELLAS

The Spanish government will lower its forecast for gross domestic product growth in 2021 after the first quarter was worse than expected, Economy Minister Nadia Calvino said on Thursday.

"We leave behind a tough first quarter of the year, and that’s the main reason why we are going to revise downwards our forecast of this year," she said in an interview with Bloomberg TV.

"We were expecting to have around 7% growth this year. It may be smaller due to the delay, one quarter delay in terms of the recovery," she added.

All indicators for March were positive, Calvino said, and even though the second quarter will be a transition quarter, the second half of the year will experience "a very strong rebound".

Currently, the government projects a 7.2% rebound this year after output dropped by 11% in 2020, but the central bank and other analysts expect slower growth.

Comments

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.

Warning

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.

* Mandatory fields

Currently there are no comments.