Strong 2016 growth brings Spain’s economy close to pre-crisis levels

It comes after Mariano Rajoy put the economy and job creation at the heart of his policies

LAST UPDATED: 30 Jan, 2017 @ 11:12
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Spanish and EU flag and euro banknotesTHE Spanish economy is close to pre-crisis levels after growing by 3.2% last year, according to the National Institute of Statistics (INE).

It was the third consecutive year of strong growth and was in line with the government’s expectations.

It comes after Mariano Rajoy put the economy and job creation at the heart of his policies, pledging to recover the losses of the financial meltdown and return to pre-crisis gross domestic product levels.

The INE said that GDP grew by 0.7% in the fourth quarter, the same as in the period from July to September

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4 COMMENTS

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  1. That’s good news, they can continue to start adding to the EU coffers instead of taking from the EU coffers. BTW, where and who added to the increase of the economy?.

    • Fred, have you noticed this so-called growth was during the holiday periods where a large influx was attributed to the problems caused in other holiday destinations. Waiting to see the first years qtr report.

  2. It seems the illegal immigrants can’t stand the good news about Spain.
    Funny and pathetic.
    Anyway, i think the situation of the whole EU will improve once Britain leaves the EU and pays their debts, since they are the biggest debtor of the EU by far.

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