Spain 2014 growth forecast

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Spain: Govt revises up 2014 growth forecasts

BARCLAYS ANALYSTS | PM Rajoy announced that the government will raise its 2014 GDP growth forecast to 0.7% from 0.5% previously. The full set of revised 2014 macroeconomic projections is expected to be announced this Friday. The government’s forecast is somewhat below our 2014 growth projection of 0.9%. We expect the economy to emerge from the recession in Q3 13 (+0.1 q/q).