The Fitch rating agency announced Friday it confirmed the rating of the sovereign debt of Spain to “BBB +” with a stable outlook.
She believes that the uncertainty around the future relations between Catalonia and the rest of Spain could affect economic sentiment and investment in the country. The agency notes that Spain has a strong cyclical recovery, with GDP growth estimated at 3.2% in 2015.
She expects a slowdown in growth to 2.6% in 2016 and 2.3% in 2017, with a budget deficit of 3.5% of GDP in 2016 and 2.9% in 2017, against 4.6% in 2015 and 5.9% in 2014.
ALSO READ:
“Spain: thank you for the resumption of the political blur
No comments:
Post a Comment