Spain confirms 0.7% Q4 growth

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Spain’s economy expanded by an annual rate of 3.2 per cent in the fourth quarter of 2016, confirming the country’s position as one of the fastest-growing economies in the eurozone.

Data released by the Spanish Statistical Office on Thursday confirmed earlier estimates that the economy grew by 0.7 per cent in the fourth quarter compared to the same period in 2015, in line with forecasts.

Annual growth of 3.2 per cent matched 2015′s figure, when Spain’s growth rate was second only to Ireland (whose GDP figures are, by their own admission, somewhat unreliable)

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