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Spain beats UK with solid financial and economic growth in Q2

Spanish GDP has reportedly grown by 0.9{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862} in the last three months.   Other countries in Europe are also seeing a higher growth rate than the UK, including France and Sweden.   The Spanish real GDP has finally

Spanish GDP has reportedly grown by 0.9{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862} in the last three months.

 

Other countries in Europe are also seeing a higher growth rate than the UK, including France and Sweden.

 

The Spanish real GDP has finally reached its pre-crisis peak for the first time since 2008.

 

 

This is an important moment for Spain, but it has come at a cost, as Spain still employs 1.9 million fewer people than in 2008.

 

However, this 0.9{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862} growth beats both the UK and France’s growth over the last three months, new figures from the statistics body INE have shown. It’s nearly three times as fast as Britain managed during the quarter, and nearly double France’s growth.

 

It is up from 0.8{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862} in the first quarter of 2017, and means Spain’s economy has now grown for 15 quarters in a row (or nearly four years).

 

The euro has also seen an increase in strength as it rises back over $1.17 (USD), a gain of 0.2{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862}. The dollar, however, is now reportedly suffering from Donald Trump’s latest failure to dismantle Obamacare.

 

Sweden has also seen a healthy growth rate of 1.7{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862}, and at the moment, they’re one of the strongest countries in terms of GDP growth. France has also increased its GDP by 0.5{3a719d634d359a1cfd2efb58d4bd0fc099b357eb0ceee3c98bbc31468036a862}.

 

UK Spain Life will keep you updated with Spain, the UK and Europe’s financial and economic growth. Keep a look out for Spain’s potential and promising economical and financial rise.

 

 

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