Spanish Growth Accelerates in Q2

Spanish growth sped up in the second quarter, underscoring forecasts that gross domestic product could expand by at least 3 percent in 2017 for the third year running thanks to robust exports and spending by Spanish households.

Spain’s output grew 0.9 percent in the April to June period from the previous three months, data from the National Statistics Institute (INE) showed on Friday, in line with forecasts and up from 0.8 percent in the first quarter.

Spain’s economic worth rose above the high seen at the beginning of 2008, just before a property market crash pushed the country into a prolonged double-dip recession.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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