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Spanish Growth Accelerates in Q2

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Spanish growth sped up in the second quarter, underscoring forecasts that gross domestic product could expand by at least 3 percent in 2017 for the third year running thanks to robust exports and spending by Spanish households.

Spain’s output grew 0.9 percent in the April to June period from the previous three months, data from the National Statistics Institute (INE) showed on Friday, in line with forecasts and up from 0.8 percent in the first quarter.

Spain’s economic worth rose above the high seen at the beginning of 2008, just before a property market crash pushed the country into a prolonged double-dip recession.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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