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Spanish Economy is Accelerating

The Spanish economy is meeting the expected script. Although in the third quarter it has slowed the pace of quarterly growth has accelerated its annual growth to make a fact not seen since 2007.

According to the estimate made by the National Statistics Institute (INE) on the behavior of GDP in the third quarter, the growth between July and September could have been placed at 0.8%, reduced the data of the year and However, it is in line with what analysts expected.

“The data has not brought surprises. We expect a slowdown in quarterly growth in coming quarters, in line with a scenario of consolidation, “he said in his morning briefing BNP Paribas Personal Investors.

The Spanish economy is accelerating and it is growing at a rate of 3.4%

The positive reading comes from the year earlier, where according to the INE, the GDP could have accelerated its growth to stand at 3.4%, three tenths above that recorded in the second quarter, and seven higher than the starting of the year. A rise that was not the Spanish economy since the crisis broke. Specifically, since 2007.

“While the components were not published, we hope to have answered to a higher contribution of domestic demand, especially private consumption side, aided by the recovery in residential investment,” adds BNP.

The Spanish economy is accelerating and it is growing at a rate of 3.4%

The market consensus assumes that the Spanish GDP in 2015 will grow more than 3% and next year will reduce its force to settle around 2.7% slightly.

The high demand for luxury property in Marbella keep pushing the prices higher and higher every month, so If you would like Xcape Real Estate to help you find the right property on the Costa del Sol, Southern part of Spain or achieve your Spanish Residency, please do not hesitate to fill the form on Contact Us or give us a call on +34 952 811 010 Now!

We also look forward to assisting you on selling or renting your property on the Costa del Sol, Spain.

Source: Idealista

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