| Home | August 2012News | BBVA Research considers that the adjustments and reforms being undertaken need time to achieve their objectives, as well as the backing of the European institutions |
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 BBVA Research considers that the adjustments and reforms being undertaken need time to achieve their objectives, as well as the backing of the European institutions- BBVA Research considers that the adjustments and reforms being undertaken need time to achieve their objectives, as well as the backing of the European institutions
- August 08, 2012
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BBVA Research forecasts that the Spanish economy will shrink by 1.4% in 2012 and in 2013. The reasons for revising the growth outlook for 2013 are based on the lack of certainty regarding policies at European level: those that have to resolve solvency and liquidity problems, and others that must remove completely any market uncertainty regarding the risk of a break-up of the single currency.
As a result of this scenario, Europe's weak economic growth in 2012 and 2013 will not provide any boost or support for the Spanish economy.
BBVA Research considers that the bias in this scenario will depend on how quickly and efficiently the series of instruments and policies announced in recent weeks can be implemented. It explains that the Spanish government has "correctly" decided to request financial assistance from its European partners in order to complete the recapitalization of the fi...
- View more at: http://www.1888pressrelease.com/bbva-research-considers-that-the-adjustments-and-reforms-bei-pr-415460.html
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