Spanish GDP is still set to grow over 3% this year despite uncertainties shrouding the disputed Catalan independence referendum.
During the third quarter (Q3) of the year, Spanish GDP rose by 0.8%, according to the latest data released by the government’s central statistics unit.
Spain’s economy has now been expanding for the past four years with growth reaching 3% or more for the first two and a half years. Current annual economic growth is being maintained at 3.1% and seems unaffected by the unfolding political situation in Catalunya. However, long term this could have a negative impact on the Spanish economy and a downward revision in next year’s economic forecast has already been made by the government; GDP is now forecast to grow 2.3% instead of 2.5% in 2018.
Source: Murcia Today!Tags: Catalan, Spanish economy, Spanish GDP