EU says Catalonia could weigh on Spanish growth

The European Union has conceded that developments in Catalonia could have a negative impact on Spain’s economy.
In its half-yearly forecasts, the European Commission said the risk exists that “future developments could have an impact on economic growth” but that the size of any impact “cannot be anticipated at this stage.”
It also noted that the market reactions to the push for independence in Catalonia have been “contained.”
In Brussels, Pierre Moscovici, the European Commission’s top economy official, said: “We cannot speculate on any political development anywhere.”
The commission is predicting that the Spanish economy will grow by 3.1 percent this year, falling back to 2.5 percent and 2.1 percent over the coming two years, even without any impact from Catalonia.
EU says Catalonia could weigh on Spanish growth EU says Catalonia could weigh on Spanish growth Reviewed by Alexander Von Stern on 04:06:00 Rating: 5