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12/12/07

Forbes.com: - For Spain's Solbes sees 2008 GDP growth around 3 pct

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Spain's Solbes sees 2008 GDP growth around 3 pct

Spain's Economy Minsiter, Pedro Solbes, said GDP growth is seen at about 3 pct in 2008, compared to the government's official forecast of 3.3 pct. Solbes had already tipped a rise of about 3 pct in GDP last month, even though the government traditionally does not modify its official forecasts until December. GDP growth was estimated at 3.3 pct in July, before the credit crisis broke out.

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