Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular


Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World



Spain says could cut 2018 growth forecast over Catalan crisis


Spain's deputy prime minister Soraya Saenz de Santamaria (R) talks with the president of the Supreme Court Carlos Lesmes during the Spanish National Day military parade in Madrid on October 12, 2017

MADRID -  Spain's government said Friday it could lower its forecast for next year's economic growth if the crisis over Catalonia's independence drive persists.

"If there is no quick solution, we see ourselves having to lower economic forecasts for 2018," deputy prime minister Soraya Saenz de Santamaria told reporters in Madrid.

Spain in July said it expected growth of 2.6 percent next year.

The eurozone's fourth largest economy is undergoing its most serious political crisis in a generation after Catalonia's separatist leader said he had accepted a mandate from a banned secession referendum for the region to "become an independent state".

Although Carles Puigdemont suspended the declaration, calling for more time for talks with Madrid, the central government has given him until October 19 to drop his push for independence.

The uncertainty is harming business confidence in Catalonia, which accounts for one fifth of Spain's GDP, and there are fears a prolonged crisis could damage the national economy.

Dozens of firms have already moved their legal headquarters from Catalonia and ratings agencies Standard and Poor's and Fitch have said they are considering downgrading the region's credit score.

"Events in Catalonia imperil the economic recovery. Investments have fallen 10 percent in Catalonia even as they've increased 3 percent in the rest of Spain," Santamaria said.

She said that tourist bookings in Barcelona had plunged between 20-30 percent.

"When uncertainty takes hold, the price is always paid by the Catalan citizens," she said calling on the separatists to return to "normality."

The Spanish central bank's current growth predictions are for 2.5 percent in 2018 and 2.2 percent the following year.



Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
Muslim Global: Spain says could cut 2018 growth forecast over Catalan crisis
Spain says could cut 2018 growth forecast over Catalan crisis
Spain's government said Friday it could lower its forecast for next year's economic growth if the crisis over Catalonia's independence drive persists.
Muslim Global
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy