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Spain 2018 economic growth forecast 'at risk'

Spain's economy could grow less than initially expected next year because of uncertainty over Catalonia

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Spain 2018 economic growth forecast 'at risk'

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Spain’s economy could grow less than initially expected next year because of uncertainty over Catalonia, according to Spain’s deputy prime minister.

Soraya Saenz de Santamaria told reporters that, according to a government report, 2018 should be a good year for employment, but recent events in Catalonia “make us more cautious.”

De Santamaria said that the economic growth expectation for next year should be lowered.

Tourist figures plunge

The deputy prime minister also said that hotel reservations in Catalonia were down.

Perhaps unsurprising following anti-tourist campaigns by local activists, as well as two cities in the region being the targets of deadly Islamist terror attacks in August.

Fourteen people from 34 different countries were killed or wounded in Barcelona and Cambrils.