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Spanish Government Feels Heat Over High Power Prices

In U S charm offensive, Spanish PM highlights recovery to lure investment

3 Min Read NEW YORK (Reuters) -Spain’s recovery plan needs the support of U.S. investment, Socialist Prime Minister Pedro Sanchez said on Wednesday during a trip to the United States where he highlighted his country’s improving economic prospects. Slideshow ( 3 images ) Spain’s economy expanded an estimated 2.4% in the second quarter from the preceding three months as it recovers from the impact of the COVID-19 pandemic, and is on course to grow 6% this year and 7% in 2022, Sanchez said on Wednesday. Employment grew by 4.9% in the same period, he told a Reuters Newsmaker event, expressing the hope that Spain would soon become “the fastest-growing economy in the developed world” with the support of government reforms, planned in areas such as labour, pensions and the environment.

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