Spanish Economy Grew 0.8% in Q1

Spain’s statistics agency says the economy grew 0.8 percent in the first quarter, keeping it as one of the fastest growing in the European Union.

The National Institute of Statistics said Friday that over the year the country’s GDP expanded by 3 percent.

It was Spain’s 14th consecutive quarter of growth. The run followed a grueling five-year financial crisis that ended late 2013.

The economy grew 3.2 percent in 2016 and is expected to expand by 2.5 percent this year.

The conservative government of Prime Minister Mariano Rajoy has made economic growth and job creation its main policies since taking office in 2011.

via Mainichi

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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