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Spanish Economic update


The Spanish National Statistics Institute (INE) has published its latest economic update. This contains the following points -

Spain’s GDP has grown by 3.2% for the last two years which is good news, all be it from a low base.

Unemployment rates remain high, at above 16%. However new jobs grew on average by 74,080 every month in 2016.

An upturn in economic activity seen in many areas of Europe has been identified in Spain also. This has been evidenced in inflow of foreign money in tourism and the Spanish Property markets.

Posted 14/3/17

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