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GDP growth cheers Spain with more to come says bank


economy

GDP growth cheers Spain with more to come says bank

Spain’s economic output expanded by 0.8% in the three months to December says the latest government forecasts, while in the first three months of this year Spain grew by 2.5%, and is on target for growth of 2.8% this year.

The central bank says the recovery is gathering pace following the country’s long recession and the return of GDP growth will continue into 2016, when a figure of 2.7% is being forecast. The bank is also expecting inflation to fall to 0.2% this year before rising again to around 1% the year after.

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