Economics
Spain’s Central Bank Governor Says Growth Forecast Will Be Pared
- Hernandez de Cos expects faster recovery in second half
- Sees Spain returning to its 2019 growth levels in 2023
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Spain’s economic growth forecast for the year will be cut slightly due to worsening conditions in the first part of the year, Bank of Spain Governor Pablo Hernandez de Cos told El Mundo newspaper in an interview published over the weekend.
The first quarter has been worse than expected in the Eurozone as lockdown measures during a third wave of coronavirus infections hurt output, he said. The European Central Bank doesn’t rule out a contraction this quarter.