MADRID (Reuters) – the Valencian economy blunted the start of the year with quarterly growth of 1.2 percent, compared with 0.8 percent of the average of Spain, and helped keep the national GDP pulse in the first three months of the year compared to the end of 2015, according to estimates made public Tuesday.
the data, prepared by the Independent Authority for Fiscal Responsibility (trade show), show that the rate of growth of Catalonia, the Canary and Balearic Islands and La Rioja it was also above average, reaching 0.9 percent, while the economy grew Murcia even a 1 percent qoq.
These six regions had to compensate quarter growth of between 0.4 and 0.6 percent six other Autonomous Communities (CCAA): Aragon; Estremadura; Navarre; Basque Country; Cantabria and Asturias.
Of the remaining five communities, growth Galician economy was right in line with the Spanish average of 0.8 percent, while Andalusia, Madrid, Castilla y Leon and Castilla-La Mancha to one tenth of that figure remained.
The disparity of economic growth in the 17 regions shows that the recovery is not is being produced with the same strength in all regions, albeit widespread, and is clearly more intense in the Levant and tourist areas.
In annual terms, the fork between communities is even wider, with the Balearic Islands (4.2%) and Valencia (4.1%) further highlighting regarding rest, compared to the Spanish average of 3.4 percent in the first quarter.
below 3 percent year were the economy of Cantabria (2.5%), Castilla y León (2.7%), Extremadura (2.8%) and Aragon (2.9%).
the Spanish GDP last year grew 3.2 percent, and the Government expects that by 2016 that figure is reduced to 2.7 percent, with an expected increase to 2.5 percent 2019 average.
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