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Spain GDP Growth Steady At 0.7%

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Spain's economy logged a steady growth in the first quarter, preliminary estimate from the statistical office INE showed on Tuesday.

Gross domestic product expanded 0.7 percent from a quarter ago, matching the revised fourth quarter growth.

Economists had forecast GDP growth to soften to 0.4 percent from the originally estimated 0.6 percent expansion in the fourth quarter.

On a yearly basis, economic growth unexpectedly improved to 2.4 percent from 2.1 percent a quarter ago. The rate was seen easing to 1.9 percent.

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