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Friday, December 15, 2017

The Bank of Spain lowers the growth forecast for 2018 and 2019 for Catalonia

The Bank of Spain cut its growth forecasts for the Gross Domestic Product (GDP) by one tenth for 2018 and 2019, to 2.4% and 2.1%, respectively, owing to the uncertainty associated with the political state of affairs within the region. Catalonia region.

According to its macroeconomic projections of the Spanish economy for 2017-2020, this circumstance are part offset by the development within the prospects of foreign markets, despite the rebound in oil costs.

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