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Spain’s government is revising upwards its growth target for 2014 due to an export-led recovery from a prolonged recession, Economy Minister Luis de Guindos said in an interview with the Financial Times published yesterday.
De Guindos said that his officials were “slightly” revising the 2014 growth forecast up from the current 0.5 percent projection.
“We are much more confident than we were six months ago,” de Guindos was quoted as saying. “Spain will show clearly the quality of the policies implemented in the euro zone,” he added, saying that spending cuts and reforms had steered the economic recovery.