Spain | 3Q16 growth remains around last year's levels

Summary

The recovery of the Spanish economy continued during the third quarter. It is estimated that GDP growth (QoQ) may be been between 0.7% and 0.8% in 3Q16. Thus, forecasts included in the BBVA Research scenario remain unchanged (3.1% for 2016 y 2.3% for 2017), but the valuation regarding downside risks for next year remains in force.

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