Nadia Calviño meets investors in New York, who reaffirm confidence in Spanish economy

The Spanish minister thus began her trip to the United States, where she will attend G20 meetings and the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington over the coming days.

Ministerio de Economía y EmpresaShe underlined the strengths of the Spanish economy, with growth that will remain above the Eurozone average and based on more balanced and sustainable foundations than in previous years, including positive contributions from domestic and overseas demand, low inflation, job creation and imbalance correction.

Furthermore, she reiterated the Government of Spain's commitment to reducing the deficit and public debt in a way that is compatible with maintaining economic growth and job creation. In this regard, she said that the deficit is forecast to stand at 2% at the end of the year and public debt reduction will accelerate "in order to lower the weight of public debt on GDP between 2018 and 2020 by 4 points, twice the reduction achieved in the three previous years".

This commitment to fiscal consolidation is accompanied by measures seeking to achieve greater social cohesion and an agenda of structural reforms aimed at increasing potential growth and tackling such challenges as climate change and digitalisation.

The acting Minister for Economic Affairs and Enterprise welcomed the confidence expressed by investors in the Spanish economy and the main lines of economic policy, which are leading to reduced financing costs for the Public Treasury and an improved credit rating and outlook for the Kingdom of Spain in an international context marked by major challenges and uncertainties.

Non official translation