30 Jan, 2017 @ 11:12
1 min read

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

Spains economy e

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

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

4 Comments

  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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