Spain's First Deputy Prime Minister Maria Teresa Fernandez de la Vega on Friday said Friday that his country's economy is no cause for alarm.
Fernandez de la Vega said that some Spanish economic indicators present "adjustments" but Spain will grow at a level more than other countries in its region, and even more than the average level in European region.
The Spanish government will continue to work "attentively and vigilantly," studying and adopting all necessary measures to alleviate as much as possible the country's economy, Fernandez de la Vega said.
Sales-purchases in real estate fell by 27.1 percent in January compared with the same month in 2007, while the mortgages decreased by 25.7 percent, according to Spain's Statistics Institute.
The sluggish real estate trading and the high oil price in the international market affected Spanish public account's surplus in January and February of 2008, which declined by 27.5 percent, or 14.700 billion U.S. dollars, accounting for about 0.84 percent of the country's Gross Domestic Product.
Source: Xinhua
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