スペインの経済省は、2012年のスペインの国内総生産は1'3%減少と計算
Economía calcula que España acabó el año con una caída del PIB del 1,3%
El secretario de Estado de Comercio destaca la recuperación de competitividad
Consulta la agenda del Spain Investors' Day
Thiago Ferrer Morini / El País Madrid 15 ENE 2013 - 10:36 CET
Spain estimates economy ended the year with a fall in GDP of 1.3%
The Secretary of State for Trade highlights the recovery of competitiveness
Check the agenda for Spain Investors' Day
Thiago Ferrer Morini / El País Madrid 15 ENE 2013 - 10:36 CET
The Ministry of Economy estimates that gross domestic product (GDP) suffered a 1.3% contraction in 2013, has advanced this morning the Secretary of State for Trade, Jaime García-Legaz, while participating in Spain Investors' Day . The figure, which is consistent with a downturn in the economy of 0.4% in the fourth quarter, the balance of which is still unknown, it is less bad than expected, as the government projected in its official accounts a decline in GDP of 1 , 5%.
The reason for this is in the external sector, as exports have gone better than expected, and that consumption was not as affected as expected by September VAT hike, which does not imply that if you can see weighting in the final stretch of the year. In this regard, the Minister of Economy and Competitiveness Luis de Guindos, already announced in October that the fall of the Spanish economy in 2012 would be 1.3% or 1.4% although it also acknowledged that the fourth quarter threatened to become the worst of the current relapse. Before summer, the forecast was for a decline of 1.7%.
Alongside sales abroad and strength of household spending, they are pulling in savings to keep shopping as much as they can, analysts also explained that the figure of 2012 is better than expected for the effect of adjustments and public spending cuts is being delayed. Thus, caution that their impact will be felt in full force in 2013. The diversity of opinion on this point is precisely the reason that makes projecting the executive, who estimated that GDP will fall by 0.5% this year, does not coincide with the scenarios that handle international agencies and research services private reaching triple that figure.
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Nevertheless, Garcia-Legaz is confident that the drop in 2013 will be even "significantly less" than 0.5%, thanks to strong government commitment to fiscal consolidation measures and reforms. In fact, he is convinced that this year and next Spain can be "positive surprise of Europe."
Regardless of the differences about what happens in 2013, the Secretary of State has emphasized that according to all international economic organizations, the Spanish economy will grow again in 2014. It has also pointed out during the opening ceremony before some 200 international investors that Spain is leading the eurozone recovery in competitiveness, especially by reducing labor costs, but is still far from being able to give good news in employment, has recognized.
The INE published Jan. 30, GDP growth, which will reveal a first estimate of the economic downturn in 2012, and probably a few days before the Bank of Spain also provide any figures. However, the data will not be confirmed until 28 February.
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