Spanish economy rises as expected in Q1

Source: Bloomberg
© Scanpix/Reuters
Economic growth in Spain has been confirmed on the level, which was predicted by the initial estimation on April 30. Country's GDP added 0.4% in the first three months of this year on a quarterly basis, up from 0.2% in October-December. Despite the 25% unemployment, one of the main drivers of growth has been the household spending, which was up 0.4%. Government expenditures rose 4.4%.

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