(Corrects reason for the reduction)
Apr 8 (Reuters) – The Spanish government will revise its gross domestic product growth forecast for 2021 downward due to delayed recovery from the COVID-19 pandemic, Economic Affairs Minister Nadia Calviño said on Thursday.
“We are leaving a tough first quarter behind, and that is the main reason we are going to revise our forecast for this year downwards. We expected to have around 7% growth this year, (but) it may be lower because delay, a quarter of delay in terms of recovery, “said the minister.
Currently, the Spanish government projects a 7.2% rebound for this year, after GDP plunged 11% in 2020, but the Bank of Spain and other analysts expect slower growth.
(Information by Aida Peláez-Fernández, edited by Inti Landauro and Alex Richardson, translated by Tomás Cobos)