Economics
Spanish Bulls Shrug Off Doubters as Economy Keeps on Booming
- Growth this year may be double pace of euro zone expansion
- EU contests local view on how far jobless rate can fall
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Spain’s economy is either running on fumes or powering ahead with a healthy boom, depending on who you talk to.
Growth is on track this year to outpace every Group of Seven economy apart from the U.S., building on an expansion that has already endured for half a decade. Its surprising strength recently prompted the Bank of Spain to raise its outlook for 2019 growth, predicting 2.4% -- twice what the European Commission forecasts for the euro zone.