Spain | Economic growth accelerates, underpinned by domestic demand

Summary

The Spanish economy’s recovery will press on in 2015. It estimates GDP growth of 0.9% (QoQ) which, if confirmed, will mean an acceleration in line with the BBVA-Research scenario. The improvement in activity is characterised by the intensification in job creation which will probably continue to exert downward pressure on apparent labour productivity in the short term.

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