Spain Says Economy Growing at Fastest Rate Since Crisis

Spanish Economy Minister Luis de Guindos says the economy is growing at the strongest rate since the economic crisis began in 2008.

De Guindos said Wednesday the economy is growing at a rate of close to 4 percent in the first six months compared with the same period a year earlier. That is half a percentage point more than initially forecast.

He said growth in the second quarter should exceed the 0.9 percent quarter-on-quarter rate recorded in the first three months.

Spain was hit hard by the global financial crisis and only emerged from a double-dip recession at the end of 2013. The economy is now among the fastest-growing in Europe.

The ruling Popular Party hopes the rebound will stem its slide in ratings in time for elections this year.

via Kitco

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 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