Spain Predicts Better Growth

Spain’s economy may grow above 3.1% in 2016, up from the current official target of 2.9%, despite the current political deadlock, acting Economy Minister Luis de Guindos told reporters in Washington on Saturday, Reuters reported. “My understanding is that we will beat this forecast, the accurate figure will be better than the forecast from the International Monetary Fund,” De Guindos told reporters on the sidelines of an IMF and World Bank meeting in Washington. The IMF on Tuesday increased its 2016 growth forecast for Spain to 3.1% from 2.6%. It also increased its 2017 forecast by 0.1 of a percentage point.