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It's official: Spanish economy is growing

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It's official: Spanish economy is growing
The Spanish economy grew by 1.4 percent in 2014, according to new figures. Photo: Gerard Julien/AFP.
12:49 CET+01:00
Spain's economy expanded by 1.4 percent in 2014, after five years of recession or no growth, the country's national statistics agency Ine said on Thursday, confirming a provisional figure published in late January.

Spain's economy expanded by 1.4 percent in 2014, after five years of recession or no growth, the country's national statistics agency Ine said on Thursday, confirming a provisional figure published in late January.

The gross domestic product (GDP) of the eurozone's fourth largest economy rose to €1.06 trillion, Ine said in a statement.

Last year also marked the first full year of economic growth since a 2008 property crash which put millions of people out of work and pushed the country to the brink of a bailout.

Spanish Prime Minister Mariano Rajoy's government this week revised its growth forecast for this year upwards to 2.4 percent from 2.0 percent and said the country could create over half a million jobs in 2015.

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