MADRID (AP) — Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
In provisional estimates released Wednesday, the National Statistics Institute says the economy grew by 1.2 percent over 12 months, following four consecutive quarters of expansion.
The April-June growth figure was better than the 0.5 percent rate predicted by the Bank of Spain this month.
It is Spain's best quarterly growth figure since the final three-month period of 2007, when the economy grew by 0.7 percent.
Spain fell into the first of two severe recessions in the second half of 2008 after its real estate sector collapsed. It emerged from the second slump in late 2013.
Thomas Sowell - Charlatans and Sheep: Part II
Trey Gowdy on Kevin McCarthy’s Hillary comments: Apologizing doesn’t fix the damage to the Benghazi committee
Ted Cruz finds a question that the Sierra Club DARED not answer. | RedState
Not Welcome in Umpqua: Armed Protest May Greet President's Attempt to Exploit Tragedy - Bearing Arms - Barack Obama, Mass Shooting, Oregon, Umpqua Community College
The War on America Turns 50 | Human Events
Recycling: The Triumph of Feel-Goodism over Common Sense
Pop goes Piers Morgan's liberal narrative on the #UCCShooting