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Spanish economy grows faster than its neighbors
(MENAFN) Spain has emerged from a devastating crisis and entered a "virtuous circle" with faster growth than its neighbors, but the IMF warns that high unemployment and the rise of populist parties still threaten the recovery, AFP reported.
The International Monetary Fund raised its growth forecast for just two nations- Spain and the United States- in its global quarterly World Economic Outlook report that lowered global growth forecasts.
It expects Spain's economy to improve by 2.0 percent this year, in line with the Spanish government's forecast, up from the 1.7 percent growth it projected in October.
The IMF left its 2016 forecast of growth unchanged at 1.8 percent.
The International Monetary Fund raised its growth forecast for just two nations- Spain and the United States- in its global quarterly World Economic Outlook report that lowered global growth forecasts.
It expects Spain's economy to improve by 2.0 percent this year, in line with the Spanish government's forecast, up from the 1.7 percent growth it projected in October.
The IMF left its 2016 forecast of growth unchanged at 1.8 percent.
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