The IMF glimpses to very negative economic horizon for Spain

    The International Monetary Fund offered to few information much pessimists concerned the economic horizon last April 9, lowering nine tenths his growth forecast for Spain, leaving it in 1,8 % for this exercise and in 1,7 % for 2009, what opens even you reside the difference with prognoses of the executive that were auguring to growth of 3,1 % for 2008 and of 3 % for the next year.

    The Spanish Bank is located between both forecasts, without falling down in the pessimism of the IMF but not also reaching the numbers of Spanish government offering to few forecasts of 2,4 for 2008 and of 2,1 % for 2009.

   Charles Collyns, assistant the the director of department of analysis of the International Monetary Fund  realized to few very interesting affirmations that paint the portrait well of it Spanish economic situation and offered to few advices important:

- The Government should not start new measurements district attorney to mitigate you you the economic slowing down since budgetary stimulus started up to these moments is appropriately.

- Real The you be correction will constitute to substantial brake for the economy in to steals.

- The prices of the housings have to of fitting and them prices will fall down between 15 and 20 %. Also the reduction that have observes in the credit authorization will constitute to factor that will help to lower the prices

- It shows confidence in the Spanish banks, since they do not have many investments in the American mortgages of risk.

   The black auguries of the IMF with regard to economic panorama complete with the forecasts of unemployment and of the inflation. Is foresees to valuation of 9,5 %, differing significantly from 8,3 % registered in 2007. For the next year, the forecast of the valuation you were uncreating even 10,5 %. Expert for the inflation the IMF, it you please it for Spain in 4 % for the present exercise and lowering 3 % for 2009.