Laurence Dollimore
SPAIN’S economy has far outperformed its European counterparts in 2019, new figures have revealed.
The country saw growth increase by 0.5% in the last quarter, beating the average 0.4% forecasts made by expert economists.
According to a report from the national statistics institute (INE), the boost was thanks to the service industry and a rise in exports.
It comes as the bigger players struggled, including France, which saw a 0.1% decrease in the last quarter of 2019.
Meanwhile, the bloc’s average growth is forecast to have dropped to 0.2%.
While Spain grew by 2% last year, it was the slowest growth since 2014 following several years of political uncertainty.
It is hoped that uncertainty will cease now the country has finally installed a government under the left-wing coalition between the PSOE and Podemos.
But given its minority status, enacting robust policies may prove a challenge in parliament.
