Tags: EU | Spain | Economy

Spanish Minister Revises 2017 Growth Forecast to 3.2 Percent

Sunday, 23 July 2017 08:49 AM EDT

MADRID (AP) — Spain's economic minister says the economy is doing better than the government expected as it continues to rebound strongly from recession.

Minister Luis de Guindos tells Spanish newspaper ABC that he expects Spain's economy to expand 3.2 percent this year. Last month Spanish Prime Minister Mariano Rajoy revised his country's economic growth forecast for this year upward to 3 percent from 2.7 percent.

De Guindos says "it will be very difficult for us not to reach the government forecast of 3 percent and it is perfectly reasonable for growth to surpass the 3.2 percent of 2016."

Spain emerged from recession in late 2013 and is now one of the European Union's fastest-growing economies. It still has problems with a 19 percent unemployment rate, however, the EU's second-highest after Greece.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Spain's economic minister says the economy is doing better than the government expected as it continues to rebound strongly from recession.Minister Luis de Guindos tells Spanish newspaper ABC that he expects Spain's economy to expand 3.2 percent this year. Last month...
EU,Spain,Economy
131
2017-49-23
Sunday, 23 July 2017 08:49 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved