Global Analysis from the European Perspective. Preparing for the world of tomorrow

Spain Relaxes Deficit Targets as Oil Dents Growth Projections

Spain’s new government is relaxing its budget targets as higher oil prices eat into the country’s growth projections. Spain expects a 2.7 percent public deficit relative to gross domestic product this year, up from a previous estimate of 2.2 percent, Economy Minister Nadia Calvino told reporters in Brussels Thursday. She sees a 2019 deficit of 1.8 percent, up from 1.3 percent. Source Bloomberg

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