Tags: EU | Spain | Economy

Spain Revises Q2 Growth Estimate Upward to 0.8 Percent

Thursday, 25 August 2016 06:20 AM EDT

MADRID (AP) — Officials have revised Spain's quarterly economic growth figure for the April-June period upward, from 0.7 percent to 0.8 percent, welcome news for a country in its eighth month without a fully functioning government.

The National Statistics Office said Thursday the growth figure for the past year remained at 3.2 percent.

Spain emerged from recession in late 2013 and is now one of the European Union's fastest-growing economies, although its unemployment rate of 20 percent remains the EU's second-highest after Greece.

The latest statistics come as the conservative Popular Party, in power since 2011, seeks support from other parties to try to form a government next week. Two inconclusive elections have left it running a caretaker government since December.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Officials have revised Spain's quarterly economic growth figure for the April-June period upward, from 0.7 percent to 0.8 percent, welcome news for a country in its eighth month without a fully functioning government.The National Statistics Office said Thursday the growth...
EU,Spain,Economy
120
2016-20-25
Thursday, 25 August 2016 06:20 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved