Spain to Grow 2% YoY in Q4

Recent data in Spain points to a year-on-year economic growth rate of close to 2 percent in the fourth quarter of 2014, Bank of Spain Governor Luis Maria Linde told parliament on Thursday.

Linde said growth would slow slightly in the rest of this year, though a recovery after a deep recession would continue.

“That will allow the year-on-year growth rate in gross domestic product (GDP) to come close to 2 percent in the last quarter, a rate at which, on average, the Spanish economy could grow in the whole of 2015,” Linde said.

 
The central bank forecasts that the economy will grow 1.3 percent as a whole in 2014, in line with revised government projections.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza