Growth expected to fall to 3pc in 2008

10th September 2007, Comments 0 comments

10 September 2007 , MADRID - (AFP) - Spanish GDP growth is expected to fall to three percent in 2008 from an expected 3.8 percent this year, according to a survey of private sector economists published in newspaper El Pais Sunday.

10 September 2007

MADRID - (AFP) - Spanish GDP growth is expected to fall to three percent in 2008 from an expected 3.8 percent this year, according to a survey of private sector economists published in newspaper El Pais Sunday.

The paper, which polled a dozen economists for its survey, said that the fall in growth was a consequence of the subprime mortgage crisis in the United States and a slowdown in the construction sector.

The government in Spain, one of the eurozone's most dynamic economies, expects growth of 3.3 percent in 2008 after 3.8 percent in 2007. The International Monetary Fund predicted in July growth of 3.4 percent for 2008.

[Copyright AFP with Expatica]

[Subject: Spanish news]

 

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