Spain cuts 2012, 2013 GDP forecasts: report

Discussion in 'Wall St. News' started by ASusilovic, Apr 6, 2011.

  1. LONDON (MarketWatch) -- The Spanish government on Wednesday maintained its forecast for 2011 economic growth, projecting gross domestic product will expand by 1.3%, Dow Jones Newswires reported. The forecast for 2012 and 2013 growth was lowered, however. The government now expects GDP to expand by 2.3% in 2012, down from a previous forecast of 2.5%. The economy is expected to grow 2.4% in 2013 versus a previous forecast of 2.7%, the report said. That compares to forecasts by the Bank of Spain for growth of 0.8% in 2011 and 1.5% in 2012.

    http://www.marketwatch.com/story/spain-cuts-2012-2013-gdp-forecasts-report-2011-04-06