Arab Today, arab today spains economy to grow by 21in 2018
Last Updated : GMT 02:16:58
Arab Today, arab today
Arab Today, arab today

Spain's economy to grow by 2.1 % in 2018

Arab Today, arab today

Arab Today, arab today Spain's economy to grow by 2.1 % in 2018

Madrid - Xinhua

 The Spanish economy will grow by 2.1 percent in 2018, according to predictions published Tuesday by the Bank of Spain.

The bank said the Spanish economy will grow by 2.7 percent this year and by 2.3 percent in 2017.

The economy will slow down due to the weaker impact of factors such as low prices of fuel and depreciation of the euro, it said, while expecting domestic demand to continue boosting the country's gross domestic product (GDP).

Private consumption will grow by 3 percent this year, by 1.8 percent in 2017 and by 1.5 percent in 2018 and exports will grow by 4.3 percent in 2016, by 4.8 percent in 2017 and 4.9 percent in 2018, it predicted.

The bank said that Spain's unemployment rate will fall to 19.7 percent this year after finishing 2015 at 22.1 percent, to continue falling to 18.3 percent in 2017 and to 17.3 percent by the end of 2018.

Meanwhile, employment will grow by 2.5 percent this year, by 1.9 percent in 2017 and by 1.8 percent in 2018.

The Bank of Spain encouraged carrying out more reforms to fight the public deficit in the country, saying that it will not fall below the EU-mandated 3 percent until 2018 when it will stand at 2.9 percent.

In 2017, the deficit will stand at 3.4 percent while this year it will fall to 4.1 percent compared to the 4.4 percent previously predicted, it said.

Spain missed the 2015 deficit target agreed with the European Union (EU) that stood at 5 percent compared to the agreed 4.2 percent. 

source : xinhuo

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spains economy to grow by 21in 2018 Arab Today, arab today spains economy to grow by 21in 2018

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spains economy to grow by 21in 2018 Arab Today, arab today spains economy to grow by 21in 2018

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday