Natural Disaster Hinders GDP Growth In Spain
Date
11/25/2024 9:00:49 AM
(MENAFN- AzerNews)
Floods that occurred in October in Spain may lead to a 0.2
percent decrease in the country's Gross Domestic Product (GDP) in
the fourth quarter, Azernews reports.
This was stated by the Governor of the bank of Spain, Jose Luis
Escrivá.
Escrivá also noted that the natural disaster could result in a
0.15 percent increase in inflation.
The devastating floods in eastern Spain in October resulted in
the death of 217 people, and nearly 90 individuals are reported
missing.
MENAFN25112024000195011045ID1108922877
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.