Spain Boosts 2016 Outlook to 2.9% as Fine Ruling Looms

  • EU may impose penalty after nation violated spending limits
  • Country in political limbo after two elections in six months

The Spanish economy is set to grow at a faster pace than previously forecast, Acting Economy Minister Luis de Guindos said Sunday, even as caretaker Prime Minister Mariano Rajoy struggles to form a government and end seven months of political deadlock.

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