Spain on Friday raised its
forecast for economic growth this year and next, in contrast
with countries like Italy and France that are lowering their
outlook.
Spain has emerged from a deep recession marked by a banking crisis, soaring unemployment and a prolonged property market slump as one of the best-performing economies in the euro zone this year, thanks in part to rising exports.
However, the Spanish government tempered expectations for a year-end upturn, as a recovery in domestic demand was offset by a slowdown elsewhere in the euro zone. Inflation has been stubbornly low through the region, France's economy flat-lined in the second quarter and Germany's contracted in the period.
Read more: UPDATE 2-Spain raises growth forecasts even as euro zone falters | Reuters
Spain has emerged from a deep recession marked by a banking crisis, soaring unemployment and a prolonged property market slump as one of the best-performing economies in the euro zone this year, thanks in part to rising exports.
However, the Spanish government tempered expectations for a year-end upturn, as a recovery in domestic demand was offset by a slowdown elsewhere in the euro zone. Inflation has been stubbornly low through the region, France's economy flat-lined in the second quarter and Germany's contracted in the period.
Read more: UPDATE 2-Spain raises growth forecasts even as euro zone falters | Reuters
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