Spain Says It Can Avoid Recession Despite Headwinds
- Calvino says indicators not pointing to technical recession
- Fiscal watchdog warns of negative growth in 4Q and 1Q
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Spain is unlikely to fall into recession, with the economy still creating jobs despite growing global headwinds, according to Economy Minister Nadia Calvino.
“Indicators are not pointing in that direction,” Calvino said when asked in an interview with Telecinco television if the country will enter a contraction in the coming quarters.