Spain Probably Expanded 0.7% This Quarter, Central Bank Says
- Bank of Spain cites resilient internal demand, job creation
- Economy Minister Guindos says indicators show momentum in 4Q
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Spain’s economy probably maintained its pace this quarter, supported by resilient internal demand and “intense” job creation, the country’s central bank said.
The Bank of Spain estimates that gross domestic product will show an increase in output of 0.7 percent in the three months through December, unchanged from the third quarter. The central bank noted the recovery continues to be bolstered by the strength of the nation’s internal spending push, pegged to more employment and favorable financing conditions for households. Corporate investment may also show signs of renewed dynamism after losing steam in the previous quarter, the institution added.