ROGUE fishmongers are targeting Edinburgh with a scam which has already cost one man hundreds of pounds. The pair have been going door-to-door in recent days, reportedly using “high pressure” sales techniques. The fish they sell are overpriced and thought to be out of date, sparking health concerns. Trading Standards officers also believe the fish may not be all they seem, as a similar scam last year saw people duped into buying what they thought were monkfish fillets but which...
Spanish GDP growth seen slowing to around 3 pct over next 2 yrs - Ordonez
March 16, 2008 on 7:51 pm | In Currency |
MADRID (Thomson Financial) - Bank of Spain Governor Miguel Angel Fernandez Ordonez said that Spain’s GDP growth will slow to just over 3 pct over the next two years, from 3.9 pct in 2006, and that he predicts GDP growth in the first quarter at around 4 pct.
Last week, the government also said that it forecasts first quarter GDP at around 4 pct, and it raised its GDP growth forecast for 2007 to over 3.5 pct year-on-year from the previous forecast of 3.4 pct.
Speaking to reporters after addressing Parliament, Ordonez said the European Central Bank considers the current 3.75 pct benchmark interest rate as “still on the accommodative side.”
Addressing questions on today’s stock market fall amid reports that the housing market bubble is about to burst, Ordonez said mortgage loan growth, while slowing, is still at important growth levels.
“I think what we are seeing is a gradual slowdown,” he noted.
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