MADRID, Sept 27 (AFP) : Spain boasted it was surging ahead of its eurozone neighbours as it raised its economic growth forecasts on Friday, promising hundreds of thousands of new jobs after years of recession.
The government forecast that Spain's economy-the fourth biggest in the eurozone-would grow 1.3 per cent in 2014, bouncing back after six years of crisis that brought it close to financial collapse.
The recovery will then accelerate in 2015 with two per cent growth, according to the new forecasts published by the finance ministry.
"These are the figures of a country that is growing more than the eurozone and is setting an example internationally by the reforms we have carried out," said Deputy Prime Minister Soraya Saenz de Santamaria.
Spain's financial troubles sparked fears for the stability of the whole eurozone in 2012, when it was forced to borrow 41 billion euros ($52 billion) to rescue its banks.
Now "we have stopped being a problem," Saenz told a news conference on Friday.
Spain boasts Europe-beating growth, raises forecasts
FE Team | Published: September 28, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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