Spain cuts the growth forecast for 2021 from 7.2% to 6.5%

The Spanish economy is expected to expand 6.5% this year ahead of the payment of the EU recovery fund compared to the previous projection of 7.2% growth, the country’s economy minister, Nadia Calvino, said at a press conference on Friday.

Key Comments:

“The economy should expand by 7% in 2022, and production will recover to pre-pandemic levels by the end of that year. “

“The first quarter growth is lower than expected due to the third wave covid and the storm Filomena “.

GDP could return to pre-pandemic levels by the end of 2022“.

“The growth rate of GDP should exceed 2% in 2024 thanks to the investment and reform program“.

The unemployment rate for 2021 will be around 15% versus the previous forecast of 16.9% ”.

“Growth is expected to accelerate in the second half of 2021.”

.

You may also like

Ethereum contributes to the growth
Top News
David

Ethereum contributes to the growth

Ethereum (ETH) again leads both among the institutional and retail investors. Traiders withdraw funds from weak assets such as Pengu