the republic logo

Spain economy minister says economy will likely grow 3.5 percent this year

bug
Share/Save/Bookmark

MADRID — Spain's economy minister the country's economic growth is likely to pick up speed and could hit 3.5 percent this year.

Luis de Guindos said Monday that indicators point to an acceleration in the economy, which grew by a robust 0.9 percent in the first quarter compared with the previous three-month period.

He said growth in 2015 as a whole would be closer to 3.5 percent than to the government's previous 2.9 percent prediction.

Spain was battered by the financial crisis and only emerged from a double-dip recession at the end of 2013. Its economy has grown for the past seven quarters.

The ruling conservative Popular Party hopes the recovery can limit its plunge in popularity in time for municipal and regional elections May 24 and general elections later this year.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

Places:

 

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.