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BBVA sees improved growth prospects for Spain
13-02-2013 10:22
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BBVA Research recognized the improved growth prospects for Spain this year.
In a conference currently being held in Madrid, the Spanish bank's economic analysis unit announced its revised forecast for the country's GDP, forecasting a 1.1% contraction, compared to its prior estimate for a decline in output of 1.4%.
"Spain will hit bottom in 2013 and the foundation will be set for growth to begin in 2014," these experts explained. For 2014, BBVA Research sees a moderate pace of growth of 1.1%.
MG
In a conference currently being held in Madrid, the Spanish bank's economic analysis unit announced its revised forecast for the country's GDP, forecasting a 1.1% contraction, compared to its prior estimate for a decline in output of 1.4%.
"Spain will hit bottom in 2013 and the foundation will be set for growth to begin in 2014," these experts explained. For 2014, BBVA Research sees a moderate pace of growth of 1.1%.
MG
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