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Spain central bank raises 2015 growth forecast to 3.1%

The Bank of Spain, pictured on June 8, 2012 in Madrid, raised its 2015 economic growth forecast to 3.1 percent from an earlier estimate of 2.8 percent published in late MarchSpain’s central bank on Wednesday raised its 2015 economic growth forecast for the country to 3.1 percent, strengthening the outlook for recovery in the eurozone’s fourth biggest economy. The Bank of Spain raised its forecast from an earlier estimate of 2.8 percent published in late March, its governor Luis Linde told parliament. Prime Minister Mariano Rajoy is vaunting Spain’s economic recovery as he prepares to fight a year-end general election, after passing austerity reforms and weathering numerous corruption scandals.

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