Spain issues 2018 growth warning over Catalan crisis

The central government has given Catalan leader Carles Puigdemont until next Thursday to abandon his push for secession, failing which it may trigger unprecedented constitutional steps that could see Madrid take control of the semi-autonomous region.

Spain issues 2018 growth warning over Catalan crisis

World Bulletin / News Desk

Spain warned Friday it could lower its forecast for next year's economic growth if Catalonia's separatist challenge persists, as concern mounts over the financial fallout of the crisis.

Puigdemont's separatist allies pressed him Friday to defy Madrid and declare independence, but with several companies having already left Catalonia, economic pressures are weighing in too for a region that accounts for 19 percent of Spain's GDP.

"If there is no quick solution, we see ourselves having to lower economic forecasts for 2018," deputy prime minister Soraya Saenz de Santamaria warned.



Güncelleme Tarihi: 13 Ekim 2017, 16:01