You are here: Home » PTI Stories » National » News
Business Standard

Spain's economy seen growing strongly despite Catalan crisis

Topics
Business Finance

AP  |  Madrid 

Spain's central bank says strong exports are likely to help the economy grow by a quarterly rate of 0.8 per cent in the last three months of the year despite the negative effects of the Catalan political crisis.

Spain's economy is set to expand by 3.1 per cent in 2017, but the government revised its estimate for 2018 from 2.6 per cent to 2.3 per cent because of uncertainty created by the since-ousted Catalan regional government's push for independence in October.

The central bank said today buoyant exports overall made up for the economic fallout in prosperous Catalonia.

Its figures are estimates and official data will be published by the National Statistics Institute next month.

Spain emerged from recession in late 2013 and is now one of the European Union's fastest-growing economies.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 27 2017. 18:30 IST
RECOMMENDED FOR YOU