Growth will decline to between 0.3 percent and 0.4 percentin coming quarters as exports slow and consumers become morecautious, Victor Echevarria, an economist at BNP Paribas SA inLondon wrote in a note on Nov. 20.
Date: Nov 27, 2014
Category: Business
Source: Google
Spain Auctions Debt at Record Lows as Growth Accelerates
Faster growth is consistent with indicators showing jobcreation as well as stronger consumer confidence and industrialproduction, said Victor Echevarria, an economist at BNPParibas SA in London. A continued improvement on the labormarket and an increase in credit will be key for the expansion
Productivity growth also has dwindled recently and long-term unemployment and youth unemployment levels remain high. That could hamper the creation of quality jobs going forward, said Victor Echevarria, an economist at BNP Paribas.