Spanish Central Bank: Powerful Growth, but Risks Expand

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Source:   —  April 01, 2016, at 3:53 PM

The Bank of Spain predicts in a quarterly report that gross domestic product will widen by 2.7 % this year and 2.3 % in two thousand-seventeenth. Those forecasts are slightly lower than previous predictions because it says risks to the economy have "worsened considerably in recent months." The report published Friday said weaknesses in global growth, particularly in delicate emerging markets, and geopolitical tensions are hazards for Spain.

Spain'south central bank is warning of growing risks to the country'south growth, even though the economy is forecast to stay one of Europe'south best performers.

The Bank of Spain predicts in a quarterly report that gross domestic product will widen by 2.7 % this year and 2.3 % in 2017.

Those forecasts are slightly lower than previous predictions because it says risks to the economy have "worsened considerably in recent months."

The report published Friday said weaknesses in global growth, particularly in delicate emerging markets, and geopolitical tensions are hazards for Spain.

At home, there is uncertainty over future economic policy as Spain'south political parties are still trying to form a government following an inconclusive Dec. twenty election. The conservative Favorite Party is currently in charge of a caretaker administration.

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