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Economy

IMF IMPROVES ITS ECONOMIC GROWTH FORECAST FOR SPAIN

The International Monetary Fund (IMF) today raised its forecasts for economic growth for Spain to 2.8% for this year, four tenths more than what was calculated in January, and up to 2.2% for 2019, one tenth higher.

“In Spain, growth is expected to decrease from 3.1% in 2017 to 2.8% in 2018 and 2.2% in 2019,” IMF said in the presentation of its report “World Economic Perspectives“, presented today in Washington, where it now relies on a slower slowdown in the Spanish economy.

With this upward revision, Spain is at the head of growth among the major economies of the euro zone, followed by Germany that will advance 2.5% in 2018 and 2% in 2019 (with an improvement of 2 tenths over the calculations for January in the first case and without changes in the second).

The Spanish unemployment rate will continue its progressive reduction and will reach 15.5% in 2018 and 14.8% in 2019, compared to the 17.2% with which it closed the year 2017.

The body led by Christine Lagarde points out that Spain still has a very high level of debt that should put “on a firm path of decline” because, together with the primary deficit (before the payment of interest on the debt), puts the economy in a situation of vulnerability that is made more visible by the “unfavourable demographic trends”.

The improvement in Spain comes in the context of a generalized rebound in the euro zone, which is expected to grow 2.4% this year, two tenths more than expected in January, and 2% in 2019, unchanged from three months. (April 18, 2018, EFE/Practica Español)

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Comprehension

Lee la noticia y responde las preguntas. (Read and answer the questions)

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Question 1
La noticia habla...    
A
de un informe que ha elaborado un organismo internacional.
B
del próximo informe que hará el FMI.
C
de un informe elaborado por el Ministerio de Economía español.
Question 2
Según el texto, el FMI...  
A
no cree que España logre crecer al 2,8% en 2018.
B
asegura que España está creciendo un 2,8% todos los años.
C
prevé que España crezca casi un 3% en 2018.
Question 3
En el texto se dice que...  
A
no habrá cambios en la tasa de desempleo en España.
B
el FMI cree que podría aumentar el número de parados en España.
C
se espera que haya menos parados en España.
Question 4
Lagarde señaló que...  
A
España está reduciendo su deuda notablemente.
B
la deuda española no es peligrosa para la economía.
C
España debería reducir la deuda.
Question 5
Según el vídeo, el FMI considera que continúa la recesión en América Latina.    
A
Así es.
B
¡Imposible saberlo!
C
Para nada.
Question 6
Según el vídeo, el FMI considera...  
A
que las disputas comerciales afectan a la economía global.
B
que las disputas comerciales jamás podrán afectar a la economía global.
C
que es poco probable que las disputas comerciales afecten a la economía global.
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