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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