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MNI BRIEF: Floods Offset Spain Q3 GDP In ECB Projections - BOS

Spain's central bank governor said any upside for growth in December projections likely impacted by floods.

MNI (LONDON) - Spain's better than expected growth in Q3 will likely be offset by the impact of the devastating floods in Valencia when the Bank of Spain presents its winter projections to the ECB, Governor Jose Luis Escriva said on Wednesday.

“It would be perfectly possible that one thing neutralizes the other,” he said, referring to the coming projections exercises.

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MNI (LONDON) - Spain's better than expected growth in Q3 will likely be offset by the impact of the devastating floods in Valencia when the Bank of Spain presents its winter projections to the ECB, Governor Jose Luis Escriva said on Wednesday.

“It would be perfectly possible that one thing neutralizes the other,” he said, referring to the coming projections exercises.

Keep reading...Show less