MADRID – Spanish Economy Minister Luis de Guindos says the economy is growing at the strongest rate since the economic crisis began in 2008.
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De Guindos said Wednesday the economy is growing at a rate of close to 4 percent in the first six months compared with the same period a year earlier. That is half a percentage point more than initially forecast.
He said growth in the second quarter should exceed the 0.9 percent quarter-on-quarter rate recorded in the first three months.
Spain was hit hard by the global financial crisis and only emerged from a double-dip recession at the end of 2013. The economy is now among the fastest-growing in Europe.
The ruling Popular Party hopes the rebound will stem its slide in ratings in time for elections this year.