AmCham Dialogue: Luis de Guindos

Luis de Guindos, minister of Economy, Industry and Competitiveness, was featured in the AmChamSpain Dialoguesseries on March 7 in Madrid. During his remarks, De Guindos reviewed the international, European and Spanish economic situation, highlighting “the bittersweet taste” created by the combination of positive signs of accelerating economic growth and the risks that lie ahead.

 

In this context, De Guindos pointed out the upward trend seen by the Spanish economy for four consecutive years with a surplus of more than 2% of the GDP. According to the minister, this trend was accompanied by “favorable tailwinds” but above all “is the result of the financial and labor reforms that have been carried out, as well as the recovery of domestic demand and the increase in exports of goods and services”. He insisted, however, that it is important to “not be complacent” with this situation and called for shared responsibility in the budget approval process, predicting growth of 2.5% to 3% in the next three to four years, “if we don’t make any mistakes”.

 

 

Finally, De Guindos talked about his vision of the future of transatlantic trade and the US’s new administration, assuring that “the links established between Spain and the United States through the years will continue to be crucial”.

 

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