Economics
New Spanish Normal Means Slower But Still-Strong Economic Growth
- GDP rose 0.4% in third quarter, matching median estimate
- Weaker expansion may damp post-crisis labor-market recovery
Madrid skyline.
Photographer: Angel Navarrete/BloombergThis article is for subscribers only.
Spain’s economy settled down into a slower pace of growth, reflecting a broader malaise in the euro area.
A second consecutive quarter of 0.4% expansion -- in line with economists’ estimates -- marks a down-shift from the steep rates clocked since the country emerged from a double-dip recession almost six years ago.