The rate of growth of the Spanish economy in the second quarter, in line with expectations. The Spanish gross domestic product (GDP) grew by 0.7 percent, according to preliminary figures, compared with 0.8 percent growth in the first quarter.
The forecast for the full year remains optimistic. Spain’s Finance Minister Luis de Guindos signaled earlier this week that it expects a growth of 2.9 percent in 2016, an increase from the previous forecast of 2.7 percent.
A stable domestic consumption and the growing tourism offers boost to the battered Spanish economy.
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