Madrid, Jan 30 (EFE) .- The Spanish economy grew 1.4% in 2014, one tenth more than expected by the government, while GDP growth accelerated in the fourth quarter of last year and advanced 0.7%, the leading indicator released today by the National Statistics Institute (INE).
This data, to be confirmed on February 26 when the quarterly national accounts published, involves first real growth of the Spanish economy after five years of recession and in 2010 the rate of GDP stagnated at 0%.
The rise of 1.4% in 2014 contrasts with the decline of 1 2% recorded GDP in 2013.
The increase of 0.7% of GDP in the last quarter on quarter 2014 reflects the Spanish economy has accelerated its growth two tenths more than increased in the previous quarter and chains six consecutive quarters of increases.
The advance figure by the INE coincides with the last estimate by the Bank of Spain which based economic recovery in the strength of domestic demand and in increased competitiveness.
On the other hand, economic growth last year is the highest rate of increase since 2007, when he did 1.4%, three tenths more than in 2008.
According to INE statistics, GDP fell 1.2% in 2013, 2.1% in 2012, 0.6% in 2011, stagnated at 0% in 2010 and lowered the 3.6% in 2009.
On the other hand, the price index in Spain fell 1.4% year on year in January and sharpens the decline that lasted for seven consecutive months, the leading indicator released today by the National Statistics Institute (INE). EFE
No comments:
Post a Comment