Spain to Update Growth Rate

The Spanish government will change its official economic projections and hike forecasts for growth in 2017, Economy Minister Luis de Guindos confirmed at a news conference on Tuesday, Reuters reported. De Guindos had already suggested this week that growth could be higher than the 2.3% previously anticipated in 2017, which will help the government design a new budget for next year that complies with EU deficit agreements. “Quite simply, this year’s growth of more than 3% will automatically mean that the inertia going into next year will be more positive and that we will raise our growth forecast for next year,” he said.