Economics

Spain’s Economic Revival May Be Stronger Than It Looks

  • Disappointing GDP numbers contrast with jobs boom, tax rebound
  • Disconnect makes analysts suspect statistical shortcomings
Shoppers cross the Gran Via in Madrid, Spain.Photographer: Paul Hanna/Bloomberg
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A booming jobs market and surging tax revenue have economists arguing that disappointing data don’t accurately reflect the speed of Spain’s recovery from the euro area’s deepest recession.