Spanish exports to grow further amid economic recovery

Source: Bloomberg
© Scanpix/Reuters
The government of Spain upgraded its forecasts concerning growth of exports in 2014. As projected, the trade deficit of the country will plummet to 16 billion euro this amid 7% increase in exports, up from the previous expectation of 5.5%. Analysts confirm that economic recovery in Spain will be mainly based on improvement in trade, as domestic demand remains weak.

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