Facenda predicts a "significant improvement" in economic growth forecasts for 2010, which was -0.3%.
The director of the Galician Statistics Institute (IGE), Jose Antonio Campo Andion, has been optimistic Thursday that the data reveal that the Galician economy grew 0.4 percent in the second quarter, double that of the whole Spain, and has indicated that the good prospects for the countries of the environment, along with the "Xacobeo effect, could make possible a" significant, ffxiv gil, improvement "in GDP growth forecast for 2010, which is in the -0.3 percent.
The autonomous government corrected its initial forecasts and advance a decrease of 0.3 percent after announcing the state Executive a number of measures to contain the public deficit, as recalled by the institute responsible for the dependent of the Department of Facenda, who, despite economy admit that "anything can happen," said his, tera gold, confidence in the economic scenario "improve" in the community.
In this regard, while stressing its commitment to growth forecasts "realistic and prudent," Facenda department explained that the growth economomico final figure will be published in October, on the occasion of Galician budgets for next year, as well as the estimation of GDP growth for 2011.
For, ffxiv gil, his part, asked about the possibility of closing the performance Galicia "positive" Andion Field pointed out that the latest data certify the second consecutive quarterly increase in regional GDP, which collects half the year Galician economy upward, so as the abandonment of negative annual rates, after registering a growth of 0.0 percent, while the state decreased one tenth.
So things have reaffirmed that, facing the next quarter, Galicia growth prospects "less gloomy" than other parts of its environment and confident as you step out of recession. "While it is probably difficult to match the 0.4 percent growth in the next quarter, I do not think we can go negative rates," he noted, before insisting that "can significantly improve the 0.3 per cent" .
As an argument, Andion Campo explained that although the next quarterly rate "not come" to 0.4 percent growth is "possible" that year "be better" than that recorded the second quarter (0.0 percent). However, the situation has qualified "is not as clear as to think about high rates."
On the other hand, asked about the evolution of increase over Spain and the possibility of Galicia take longer to recover, has been influential in that "depends" on the branches of the economy "that pull the growth." In any case, has highlighted a number of indicators that present a better evolution of the economy in the Autonomous Regions.
Demand and supply
With regard to the application, Campo Andion stressed that, although the final consumption expenditure has fallen by 0.9 percent, this drop was four tenths less than in the previous quarter. As the final consumption of households, fell 1.3 percent, less than five tenths between January and March. The weakness of this aggregate lies mainly in the deterioration in the labor market in the past year and a half, according to the Xunta.
The gross capital formation rate shows a fall of 4.3 percent.While industrial production of capital goods and residential investment have growth rates lower than the previous quarter, the import of capital equipment and charging vehicle registration have higher growth than in the first quarter.
From the supply perspective, pointed out that in the second quarter of 2010, are positive inter-annual growth in the industrial sector and market services, the latter achieved positive rates after four consecutive quarters of declines.
By contrast, non-market services recorded a fall after reporting high rates of growth in previous quarters. Construction continues with a "large decrease" compared to last year and in the branches farming and fishing shows "a slight decline." EMPLOYMENT
With respect to indicators of employment, measured in terms of jobs full-time equivalents, the data highlighted that IGE has been a decrease in the second quarter of 2010 from 3.1 percent.
However, Campo Andion has influenced the behavior of employment "do better" than the previous quarter "in all branches of activity."