- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain's economy has expanded between 0.1% - 0.2% between July and end-September compared to the previous quarter, PM Mariano Rajoy said in an interview published on the Wall Street Journal web site on Monday.
Quarterly growth in Q3 marks the end of a 2-year recession, the 2nd since a construction boom ended in 2008. The economy should grow between 0.5% - 1.0% in 2014, Rajoy said.
Spain's GDP contracted 0.1% on a quarterly basis in Q2, though many economists warned any return to growth based almost entirely on exports, while domestic demand remained in a slump, wouldn't hold.
A real recovery would not begin until Spaniards begin spending once again, house prices hit bottom and external debt stabilizes, Rajoy said, though declined to project when the 26.3% unemployment rate would fall on a sustained basis.
"I won't dare to speculate...The improvements will happen little by little," he said.