February 28, 2011

Ocaña qualifies the GDP data of "historic" (Montse Ganduxer)

Secretary of State for Finance and Budget Carlos Ocana, called today the GDP growth figure for the third quarter as "historic" and acknowledged that the forecast made by the Government that the economy ended the year with a growth of 3, 4% is an objective "prudent", as all estimates are from the Ministry of Economy and Finance.

Ocana said the data suggest a more balanced growth pattern, with a better performance of the external sector and a lower domestic demand pull, which he considered a "good news" for the continued growth of the Spanish economy.

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