Balearic economy set to grow this year, after strong end to 2014

The Balearic economy is set to grow by over two percent this year, according to reports revealed yesterday by the Balearic government.
The Balearic Finance Minister, Joaquin Garcia, explained that figures are superior to the national average and based on the end of the year results from 2014.
“The region’s figures ended last year one percent above 2013, and in the last three months of 2014  the economy grew  by 1.5 percent.
“Our prediction for this year is that the pattern of growth will continue, although we will have to analyse the situation in more detail once the results for the first three months of 2015 are revealed.”
Breaking down the local economy, Garcia said the service sector is the one showing the most positive signs, leading the region’s economic growth since 2011. This year, the sector is expected to grow by 2.6 percent.