Spain's Economic Growth Slows In Second Quarter


Spain's economic growth slows in second quarter

MADRID, (UrduPoint / Pakistan Point News - 29th july,2016) - Spain's economic growth slowed slightly in the second quarter, official data showed Friday, as the country remains mired in political limbo after two inconclusive general elections. The Ine statistics agency said that GDP expanded by 0.7 percent compared to a 0.

8 percent rise in the previous three months. However, compared to the same period in 2015, the economy rose 3.2 percent from April to June, it added. Overall, acting Economy Minister Luis de Guindos has said he hopes the economy will grow 2.9 percent in 2016, and the government is due to unveil an updated economic forecast later Friday.