SPAIN
Growth
Quarterly National Accounts (INE)
In the 1Q of 2015 the Spanish economy experienced its greatest annual advance since 2007: 2.6% (2% 1Q 2014), thus linking six positive quarters. The quarter-on-quarter rate rose 0.9% (0.7% 4Q 2014).
This recover is based on greater private consumption, improved expectations and better financial conditions, and the drop in the price of raw materials.