Spain to revise down 2021 growth forecast due to recovery delay

Reuters | Updated: 08-04-2021 16:57 IST | Created: 08-04-2021 16:57 IST
Spain to revise down 2021 growth forecast due to recovery delay

The Spanish government will revise down its gross domestic product growth forecast for 2021 due to the delay of the expected economic recovery, Economy Minister Nadia Calvino said on Thursday.

Currently, the government projects a 7.2% rebound this year after output tanked 11% in 2020, but the central bank and other analysts expect slower growth.

Also Read: Ryanair plans 2,500 Spanish flights a week in bet on travel recovery

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Blockchain in Healthcare: Opportunities and challenges

The use of blockchain in healthcare is a relatively new innovation with many of its uses still being explored and related technologies being developed, improved, and scaled. ...

Debate surrounding vaccine passports and development misses bigger picture

... ...

Blockchain vs IOTA: Looking for a better alternative

... ...

For stability, Iraq needs to crack down on corruption

... ...

Videos

Latest News

Carbon emissions drop across Europe in 2020 - Eurostat

Carbon emissions from use of fossil fuels fell across the European Union last year, the blocs statistics office estimated on Friday, citing COVID-19 restrictions that shut down travel and factories across the region. CO2 emissions from the ...

Under-40s to get Oxford/AstraZeneca vaccine alternative in UK

The UKs medicine regulators updated their advice on Friday to recommend all adults under 40 years of age should be offered an alternative to the OxfordAstraZeneca COVID-19 vaccine as a precautionary measure.The Joint Committee on Vaccinatio...

WhatsApp scraps May 15 deadline for accepting privacy policy terms

WhatsApp has scrapped its May 15 deadline for users to accept its controversial privacy policy update and said not accepting the terms will not lead to deletion of accounts. WhatsApp had faced severe backlash over user concerns that data wa...

Attack on ex-president Nasheed was a 'deliberate act of terror': Maldives Police

The Maldives Police on Friday said the blast that injured former president Mohamed Nasheed was a deliberate act of terror. In a statment, the police said that all necessary resources available and forensic teams are being utilised to aid th...

Give Feedback