May 11, 2021

Calviño announces that Spain grew by 2.6% in 2018

Calviño announces that Spain grew by 2.6% in 2018


Spain continues to grow at a better pace than other European partners, but at more moderate levels than in previous years. On the day of Tuesday Spain Investors Day, the ministers Teresa Ribera and Reyes Maroto they left the door open for the growth of Spain in 2018 between 2.5 and 2.6 percent, with the Government's forecast this last figure. Today, the Minister of Economy, Nadia Calviño has confirmed that the country grew 2.6% last year.

"Spain is experiencing a growth effort," Calviño assured, to continue with its challenges and objectives for the future are in reducing public deficit and debt, in transferring the benefits of growth to citizenship and in undertaking structural reforms what the country requires

In spite of everything, he has warned that this 2019 is coming convulsive. Both for the markets and for the world economies … including Spain. "There are significant risks and uncertainties," said the Minister of Economy, just one day after the failed vote of the Brexit agreement in the United Kingdom.

BBVA case

The maelstrom of events around the former president of BBVA, Francisco González, also floods Spanish politics. While various reports pointed to the European Central Bank (ECB) had expressed concern about the case and had even asked for his resignation in honorary positions and the Foundation, the Economy Minister has denied the largest.

"I do not know," he assured, upon his arrival at Spain Investors Day, regarding the presumed pressures of the community supervisor. In spite of everything, it has qualified the case of the listening of Villarejo as "a serious issue" and leaves the consequences in the hands of Justice. "It is channeled from the criminal point of view," he continued.

Calviño also lamented the result of yesterday's vote in the British Parliament. Theresa May, Prime Minister of the United Kingdom, lost the vote on the Brexit agreement by a large majority and now, again, an uncertain future opens up. «The decision is not positive. We regret that there is no agreement, "he stressed, to continue that Spain has always supported the European Union when it comes to reaching a friendly exit.

Given the current scenario, the Minister of Economy has emphasized that they have been working for some time to alleviate the negative effects of a Hard Brexit for the Spanish economy and companies. And he added that one of his priorities will be to continue preparing for "Spain to suffer as little as possible." Its priority is the "protection" of citizens, both from the United Kingdom in Spain and from nationals in the islands.


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