Spain Raises 2015 Economic Growth Forecast to 3.3 Percent

Prime Minister Mariano Rajoy has revised Spain's economic growth forecast upward for this year and next and said the improved circumstances allowed him bring forward a tax reduction plan.
Rajoy says the economy will grow 3.3 this year and 3 percent in 2016, up from the previous 2.9 percent estimate for both years.
Rajoy said Thursday he could now bring forward by six months an income tax reduction plan he estimated will put 1.5 billion euros ($1.7 billion) back into people's pockets.