Spanish economy to see slow growth in 2023 with no fear of recession: expert

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Spanish economy to see slow growth in 2023 with no fear of recession: expert

STORY: Spanish economy to see slow growth in 2023 with no fear of recession: expert DATELINE: Dec. 6, 2022 LENGTH: 00:01:14 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of economic activities in Spain 2. SOUNDBITE 1 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School 3. SOUNDBITE 2 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School STORYLINE: An economist from the Barcelona-based IESE Business School said the Spanish economy is expected to grow by less than 2% in 2023, but there is no fear of a recession. SOUNDBITE 1 (Spanish): JAVIER DIAZ-GIMENEZ, Professor of Economics at IESE Business School "Using the word recession is reasonable, because growth is slowing and will perhaps continue to stay below the tendency for a few quarters, but not enough to cause fear." The International Monetary Fund (IMF) in November also ruled out the risk of falling into recession for Spain in the next year and predicted a growth rate of 1.2%. Acknowledging t

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