Spanish economy keeps up growth with 0.8 percent in Q1

New Jersey Herald - 29.04.2016

MADRID (AP) — Official figures show the Spanish economy grew by 0.8 percent in the first quarter compared with the previous three months, its 11th consecutive growth figure.

The National Statistics Office said Friday the economy grew 3.4 percent over the past 12 months.

Spain emerged from recession in late 2013 and is now one of the European Union's fastest growing economies although its unemployment rate of 21 percent remains the EU's second-highest after Greece.

The figures come as Spain heads toward fresh elections June 26, with the May 2 deadline for a new government to be in place following an inconclusive Dec. 20 election looking set to be missed.

The ruling conservative Popular Party made the economy its priority over the past four years.

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