Spain’s 2014 GDP Target Raised By 450 Percent: CITI
Spain’s recovery has accelerated on the back of growing corporate profits and faster than expected job growth, causing Citi to raise GDP growth forecasts from 0.2% to 0.9% for 2014 and from 0.8% to 1.1%, providing what could be a roadmap for Portugal to follow.
“The financial position of the corporate sector has improved significantly over the past 4 quarters on the back of strong export-driven revenues and ongoing declines in labour costs, resulting in hefty profit growth,” writes Citi analyst . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.