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Spain GDP Shows Slight Improvement
Spain’s National Institute of Statistics has updated the country’s Gross Domestic Product (GDP) for the first quarter of this year. GDP growth for Q1 is now 0.4%, this is in line with expectations and slightly better than the previous quarters number of 0.2%. On an annualized basis Spain’s GDP growth is currently reading at 0.5%, although this is an improvement on the prior quarters -0.2% markets were slightly disappointed as figure of 0.6% was expected. Today’s revised data also included a breakdown of the sectors contributing to the overall growth figure. Consumer spending expanded by 0.4% but the real ... (full story)