Bank of Spain (BoS) Monthly Bulletin: Raises both 2014 and 2015 GDP growth forecasts
- Raises 2014 GDP growth forecast from 1.2% to 1.3%
- Raises 2015 GDP growth outlook from 1.7% to 2.0%
- Forecasts Q2 GDP +0.5% q/q, +1.1% y/y; Comments:
- Activity recovering faster than expected.
**Note; In early July, it was speculated that the 2015 GDP forecast would be raised.
- Spain government's current 2014 GDP growth forecast is 1.2%