The National Institute of Statistics (INE) confirmed this Tuesday that the Spanish economy advanced 2.5% last year, five times more than the Eurozone average, in a context marked by the rise in interest rates – which It remains at its highest levels since the creation of the euro, due to the weakness of the two largest economies in the region and due to geopolitical tensions. It did so thanks above all to the boost in consumption, both public and private, but with productive investment greatly affected by the uncertainty scenario that companies face.
Specifically, the GDP stepped on the accelerator between October and December, when it grew 0.6% in relation to the previous quarter, above the 0.4% it had done in the third and the 0.5% it registered in both the first as in the second. . In interannual terms, activity increased by 2% in the last quarter of the year, one tenth above the previous quarter (1.9%), thanks to the boost of domestic demand (2.1 points), since the foreign sector registered a negative contribution of one tenth in a context of slowdown in Spain’s main trading partners.
The final growth data published today by the INE confirm once again the good progress of the Spanish economy, maintains the Minister of Economy. “In the face of catastrophic predictions and biased stories, the figures are clear and incontestable,” Carlos Corpus points out.
