Spanish economy on road to recovery thanks to excellent first quarter

THE Spanish economy has got off to a storming start in 2017.

Gross Domestic Product grew by 0.8% in the first three months, according to the central bank, as the nation extends its three-year recovery with greater momentum.
That’s better than the average estimate of economists in a Bloomberg survey, which forecast that the economy would maintain its pace at 0.7% in the first quarter.

The Bank of Spain increased its growth estimates for 2017-2019, citing an improved global economic outlook, which could help Spanish exports, and a stronger internal performance.

GDP is set to expand 2.8% this year, before slowing to 2.3% in 2018, and to 2.1% in 2019.

That compares favourably with previous forecasts of 2.5%, 2.1% and 2% respectively.

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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

1 Comment

Carlos says:

13 Apr, 2017 @ 03:06 at 03:06

Make the most of it Spain before 2019 ends.

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