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Western EuropeFebruary 1 2017

Andorra finance minister continues on steady path to stability

Andorra’s finance minister, Jordi Cinca, explains to Stefanie Linhardt how budget consolidation and investment in tourist infrastructure are aiding the country’s slow but steady recovery from recession.
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Q: How did the Andorran economy perform in 2016? Did you feel any impact from the alleged money-laundering crisis at Banca Privada d’Andorra [BPA] in 2015?

A: In 2016, the Andorran economy made another step towards economic consolidation with an estimated gross domestic product [GDP] growth of 1.6%. This follows five years of recession from 2008 to 2012. We came out of recession in 2013. Growth has been slow recently but 2016’s predicted 1.6% improvement further underlines this positive tendency.

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