Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Spanish economy to maintain growth rate in fourth quarter - economy minister

Published 28/11/2016, 18:01
© Reuters. Women carry shopping bags in downtown Ronda

MADRID (Reuters) - Spain's economy is expected to continue growing in the fourth quarter at a similar rate to previous quarters this year which have averaged year-on-year growth of 3.3 percent, Economy Minister Luis de Guindos said on Monday.

The Spanish economy grew at 0.7 percent in the third quarter on a quarterly basis, final data showed last Thursday. The government's official forecast for growth in 2016 is 3.2 percent.

"We expect that the fourth quarter this year will be very similar to the three previous quarters," Guindos told reporters. "I believe that we are going into 2017 with positive momentum."

In its twice-yearly economic outlook, the Organisation for Economic Cooperation and Development (OECD) also said on Monday it expected Spain to grow at 3.2 percent this year, lifting an earlier forecast of 2.8 percent.

© Reuters. Women carry shopping bags in downtown Ronda

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.