Upcoming elections in Europe and Briton’s plans to leave the European Union pose the greatest potential risks to economic growth projections in Spain, the Bank of Spain said yesterday.
Uncertainties over the direction of economic policies worldwide, especially in the United States, could have a negative effect on the global economy due to their potential impact on financial market and global trade flows, it said. The central bank also raised its growth projections for Spain, saying it saw economic output expanding by 3.2 percent this year, 2.5 percent next year and 2.1 percent by 2018.
The economy would expand by 2.0 percent in 2019, it said. Upcoming elections in Europe and Briton’s plans to leave the European Union pose the greatest potential risks to economic growth projections in Spain, the Bank of Spain said yesterday.
Uncertainties over the direction of economic policies worldwide, especially in the United States, could have a negative effect on the global economy due to their potential impact on financial market and global trade flows, it said. The central bank also raised its growth projections for Spain, saying it saw economic output expanding by 3.2 percent this year, 2.5 percent next year and 2.1 percent by 2018.
The economy would expand by 2.0 percent in 2019, it said.