Spain’s GDP growth set to decelerate – central bank
Waning monetary policy impact, higher oil prices and lower regional expansion behind deceleration
The Bank of Spain forecasts GDP growth will fail to maintain its current levels of expansion – 3.1% in 2017 – over the coming years.
The central bank updated its growth outlook on June 15. Higher oil prices, lower growth in other European economies, and the moderation in the positive impact of the loose monetary policies implemented by the European Central Bank are the main reasons for the worse outlook.
The central bank forecasts growth will fall to 2.7% of GDP in 2018, will decline further
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