Spain Revises Growth Forecast

Spain’s economic minister says the economy is doing better than the government expected as it continues to rebound strongly from recession, AP reported. Luis de Guindos told Spanish newspaper ABC that he expects Spain’s economy to expand 3.2% this year. Last month Spanish Prime Minister Mariano Rajoy revised his country’s economic growth forecast for this year upward to 3% from 2.7%. De Guindos says “it will be very difficult for us not to reach the government forecast of 3% and it is perfectly reasonable for growth to surpass the 3.2% of 2016.”