Madrid, June 24 (EFE) .- The Spanish economy grew in the first half of the year at an annual rate of 4%, half a point higher than expected a few months ago, advanced today as Economy Minister, Luis de Guindos.
During the control session the Government in the House of Representatives, De Guindos said the second quarter GDP will grow above 0.9% and that this upward praised is “much more” of that record economies of the members of the euro area.
The head of Economy acknowledged that in late 2016, if projections remain the same, would have recovered all the lost income Spain since the beginning of the crisis.
De Guindos explained that, according to the latest data, in the first half of 2015 the economy will grow closer to annual rates of 4% to 3.5% provided.
The minister insisted that the Spanish economy has recovered and 4.5 points of GDP lost 7 in mid-2013 and said that by the end of 2016 “if everything continues as projected , we will have recovered all the lost income since the beginning of the crisis. “
In the same vein, he referred to the creation of one million jobs and better evolution of unemployment data.
However, he added that the main problem is long-term unemployment.
The advanced GDP data released by the National Statistics Institute for the second quarter of the year (INE) is will meet on 30 July. EFE
rdm / JLM / ma / rml
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