Spanish economy shrugs off political deadlock

Economy grew by a better than expected 0.8 per cent in second quarter

25th August, 2016
Spanish prime minister Mariano Rajoy facing a confidence vote. Pic: Getty

The Spanish economy overcame the country’s political impasse to grow by more than initially estimated in the second quarter, led by a pick-up in investment and exports.

Gross domestic product grew 0.8 per cent compared with a provisional reading of 0.7 per cent, the country's National Statistics Office said this morning. From a year earlier, the economy expanded 3.2 per cent, while adding about 484,000 new jobs.

Analysts said the performances of exports and investment were surprisingly...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Anton Savage: If it doesn’t fit, get out the drillbit

Columnists Anton Savage 8 hours ago

Aidan Regan: Fiscal deficit is not a concern, but we must widen the tax base

Economics Aidan Regan 8 hours ago

Elaine Byrne: FG’s knives come out behind a veil of gentlemanly conduct

Politics Elaine Byrne 8 hours ago

John Walsh: Going electric comes with potential pitfalls as well as benefits

Transport John Walsh 8 hours ago