27 Nov, 2006 @ 06:23
1 min read

Spain economy at five year high

SPAIN’S economy is at its highest annual rate in five years thanks to the country’s booming construction industry, according to government figures.

Economic growth grew 3.8 per cent between July and September 2006 – faster than the economy of France, Germany and Italy.

Earlier this month, a government report said almost half of the country’s recent growth was fuelled by immigration – with many migrants to Spain working in the country’s construction industry.

According to figures released by the National Statistics Institute, Spain’s annualised growth rate was 3.6 per cent in the first quarter of this year followed by 3.7 per cent between April and June.

However, economists believe the rate of Spanish growth is now peaking. Officials from the European Central Bank have warned continuing hikes in interest rates may lead to a drop in demand in Spain’s building sector.

Jon Clarke (Publisher & Editor)

Jon Clarke is a Londoner who worked at the Daily Mail and Mail on Sunday as an investigative journalist before moving to Spain in 2003 where he helped set up the Olive Press.

After studying Geography at Manchester University he fell in love with Spain during a two-year stint teaching English in Madrid.

On returning to London, he studied journalism and landed his first job at the weekly Informer newspaper in Teddington, covering hundreds of stories in areas including Hounslow, Richmond and Harrow.

This led on to work at the Sunday Telegraph, Sunday Mirror, Standard and even the Sun, before he landed his first full time job at the Daily Mail.

After a year on the Newsdesk he worked as a Showbiz correspondent covering mostly music, including the rise of the Spice Girls, the rivalry between Oasis and Blur and interviewed many famous musicians such as Joe Strummer and Ray Manzarak, as well as Peter Gabriel and Bjorn from Abba on his own private island.

After a year as the News Editor at the UK’s largest-selling magazine Now, he returned to work as an investigative journalist in Features at the Mail on Sunday.

As well as tracking down Jimi Hendrix’ sole living heir in Sweden, while there he also helped lead the initial investigation into Prince Andrew’s seedy links to Jeffrey Epstein during three trips to America.

He had dozens of exclusive stories, while his travel writing took him to Jamaica, Brazil and Belarus.

He is the author of three books; Costa Killer, Dining Secrets of Andalucia and My Search for Madeleine.

Contact jon@theolivepress.es

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