In 2014 Q1, Spanish economic activity continued on a path of gradual recovery in a setting marked by further progress in the normalisation of financial markets and the gradual firming of the improvement in the labour market. On the as-yet incomplete information available, GDP is estimated to have increased by 0.4% quarter-on-quarter (compared with 0.2% in 2013 Q4), which would place the year-on-year rate in positive territory (0.5%) too for the first time following nine consecutive quarters of negative year-on-year rates (see Table 1 and Chart 1). The quarter-on-quarter rate of national demand increased slightly ... (full story)