It's official: Spanish economy is growing
AFP · 26 Feb 2015, 12:49
Published: 26 Feb 2015 12:49 GMT+01:00
- 'Spain has achieved the impossible,' insists Rajoy (25 Feb 15)
- 'Spain to create half a million jobs in 2015': PM (24 Feb 15)
- Spanish consumer prices accelerate fall in January (13 Feb 15)
- Spain well on road to recovery, says EU (05 Feb 15)
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.